Post Utme Ui 2019 Commerce Question 11

Practice objective / multiple choice question 11 from the 2019 Post Utme Ui Commerce examination.

Post Utme Ui 2019 Commerce Objective / Multiple Choice
Question 11 POST_UTME_UI • 2019 • COMMERCE • objective

A bank's cash reserve requirement is 10% of its total deposits. If the bank has ₦1,500,000 in deposits, how much cash must it reserve?

Answer Options

Correct Answer A. ₦150,000
B. ₦1,500,000
C. ₦15,000,000
D. ₦150,000,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Ui 2019 Commerce Question 11. It is one of the objective questions from the 2019 Post Utme Ui Commerce examination.

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