Post Utme Rhema University 2025 Commerce Question 17

Practice objective / multiple choice question 17 from the 2025 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2025 Commerce Objective / Multiple Choice
Question 17 POST_UTME_RHEMA_UNIVERSITY • 2025 • COMMERCE • objective

A bank's reserve requirement is 10%. If the bank has a deposit of ₦1,000,000, how much must it keep in reserve?

Answer Options

Correct Answer A. ₦100,000
B. ₦50,000
C. ₦0
D. ₦500,000
Correct Answer
A
Correct Option:
₦100,000

About This Question

This is Post Utme Rhema University 2025 Commerce Question 17. It is one of the objective questions from the 2025 Post Utme Rhema University Commerce examination.

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