Post Utme Summit University 2019 Commerce Question 20

Practice objective / multiple choice question 20 from the 2019 Post Utme Summit University Commerce examination.

Post Utme Summit University 2019 Commerce Objective / Multiple Choice
Question 20 POST_UTME_SUMMIT_UNIVERSITY • 2019 • COMMERCE • objective

A bank has the following balance sheet: Assets = ₦500,000, Liabilities = ₦200,000, Equity = ₦300,000. What is the bank's capital adequacy ratio?

Answer Options

A. 60%
Correct Answer B. 70%
C. 80%
D. 90%
Correct Answer
B
Correct Option:
70%

About This Question

This is Post Utme Summit University 2019 Commerce Question 20. It is one of the objective questions from the 2019 Post Utme Summit University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support