Post Utme Ui 2020 Commerce Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Ui Commerce examination.

Post Utme Ui 2020 Commerce Objective / Multiple Choice

Question 4 POST_UTME_UI • 2020 • COMMERCE • objective

A bank's reserve requirement is

Correct Answer A. The minimum amount of cash that a bank must hold in reserve

B. The maximum amount of credit that a bank can extend to its customers

C. The minimum amount of deposits that a bank must maintain

D. The maximum amount of loans that a bank can grant

Correct Answer

Correct Option:

The minimum amount of cash that a bank must hold in reserve

This is Post Utme Ui 2020 Commerce Question 4. It is one of the objective questions from the 2020 Post Utme Ui Commerce examination.

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