Post Utme Ui 2018 Commerce Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Ui Commerce examination.

Post Utme Ui 2018 Commerce Objective / Multiple Choice
Question 16 POST_UTME_UI • 2018 • COMMERCE • objective

A bank's cash reserve ratio is 20%. If the bank has a total deposit of ₦100,000,000, how much of this amount will be held in reserve?

Answer Options

Correct Answer A. ₦20,000,000
B. ₦30,000,000
C. ₦40,000,000
D. ₦50,000,000
Correct Answer
A
Correct Option:
₦20,000,000

About This Question

This is Post Utme Ui 2018 Commerce Question 16. It is one of the objective questions from the 2018 Post Utme Ui Commerce examination.

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