Post Utme Rsu 2024 Commerce Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Rsu Commerce examination.

Post Utme Rsu 2024 Commerce Objective / Multiple Choice
Question 16 POST_UTME_RSU • 2024 • COMMERCE • objective

A bank's cash reserve ratio is 20%. If the bank has ₦100 million in deposits, how much cash must it reserve?

Answer Options

Correct Answer A. ₦20 million
B. ₦30 million
C. ₦40 million
D. ₦50 million
Correct Answer
A
Correct Option:
₦20 million

About This Question

This is Post Utme Rsu 2024 Commerce Question 16. It is one of the objective questions from the 2024 Post Utme Rsu Commerce examination.

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