Post Utme Uniben 2017 Commerce Question 3

Practice objective / multiple choice question 3 from the 2017 Post Utme Uniben Commerce examination.

Post Utme Uniben 2017 Commerce Objective / Multiple Choice
Question 3 POST_UTME_UNIBEN • 2017 • COMMERCE • objective

A bank's cash reserve ratio is 10%. If the bank has a deposit of ₦100,000, how much cash can it lend to its customers?

Answer Options

Correct Answer A. ₦90,000
B. ₦80,000
C. ₦70,000
D. ₦60,000
Correct Answer
A
Correct Option:
₦90,000

About This Question

This is Post Utme Uniben 2017 Commerce Question 3. It is one of the objective questions from the 2017 Post Utme Uniben Commerce examination.

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