Post Utme Rhema University 2018 Commerce Question 27

Practice objective / multiple choice question 27 from the 2018 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2018 Commerce Objective / Multiple Choice
Question 27 POST_UTME_RHEMA_UNIVERSITY • 2018 • COMMERCE • objective

A bank's cash reserve ratio is 20%. If the bank has a total deposit of ₦100 million, how much cash must it reserve?

Answer Options

Correct Answer A. ₦20 million
B. ₦25 million
C. ₦30 million
D. ₦35 million
Correct Answer
A
Correct Option:
₦20 million

About This Question

This is Post Utme Rhema University 2018 Commerce Question 27. It is one of the objective questions from the 2018 Post Utme Rhema University Commerce examination.

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