Post Utme Summit University 2021 Economics Question 14

Practice objective / multiple choice question 14 from the 2021 Post Utme Summit University Economics examination.

Post Utme Summit University 2021 Economics Objective / Multiple Choice
Question 14 POST_UTME_SUMMIT_UNIVERSITY • 2021 • ECONOMICS • objective

A bank has a reserve requirement of 10% and a cash reserve ratio of 20%. If the bank has ₦100,000 in cash reserves, how much can it l\end to its customers?

Answer Options

A. ₦80,000
Correct Answer B. ₦90,000
C. ₦100,000
D. ₦110,000
Correct Answer
B
Correct Option:
₦90,000

About This Question

This is Post Utme Summit University 2021 Economics Question 14. It is one of the objective questions from the 2021 Post Utme Summit University Economics examination.

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