Post Utme Redeemers University 2022 Commerce Question 25
Practice objective / multiple choice question 25 from the 2022 Post Utme Redeemers University Commerce examination.
A bank has a loan portfolio consisting of 70% fixed-rate loans and 30% floating-rate loans. If the bank's average interest rate on fixed-rate loans is 10% and the average interest rate on floating-rate loans is 12%, what is the bank's average interest rate on its loan portfolio?
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About This Question
This is Post Utme Redeemers University 2022 Commerce Question 25. It is one of the objective questions from the 2022 Post Utme Redeemers University Commerce examination.
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