Post Utme Rhema University 2025 Commerce Question 20

Practice objective / multiple choice question 20 from the 2025 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2025 Commerce Objective / Multiple Choice
Question 20 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

A. ₦100,000
B. ₦50,000
C. ₦0
D. ₦500,000
Correct Answer
N/A

About This Question

This is Post Utme Rhema University 2025 Commerce Question 20. It is one of the objective questions from the 2025 Post Utme Rhema University Commerce examination.

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