Post Utme Rsu 2019 Commerce Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Rsu Commerce examination.

Post Utme Rsu 2019 Commerce Objective / Multiple Choice
Question 39 POST_UTME_RSU • 2019 • COMMERCE • objective

A bank has a reserve requirement of 20% and a cash reserve of ₦100,000. If the bank wants to increase its lending capacity by ₦50,000, how much additional deposits will it need to attract?

Answer Options

A. ₦200,000
Correct Answer B. ₦250,000
C. ₦300,000
D. ₦350,000
Correct Answer
B
Correct Option:
₦250,000

About This Question

This is Post Utme Rsu 2019 Commerce Question 39. It is one of the objective questions from the 2019 Post Utme Rsu Commerce examination.

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