Post Utme Uniben 2019 Commerce Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Uniben Commerce examination.

Post Utme Uniben 2019 Commerce Objective / Multiple Choice

Question 18 POST_UTME_UNIBEN • 2019 • COMMERCE • objective

A bank's cash reserve ratio is the percentage of deposits that it must hold in reserve. Explain the purpose of this requirement.

A. To prevent bank runs

B. To encourage lending

Correct Answer C. To maintain the stability of the financial system

D. To increase the bank's profits

Correct Answer

Correct Option:

To maintain the stability of the financial system

This is Post Utme Uniben 2019 Commerce Question 18. It is one of the objective questions from the 2019 Post Utme Uniben Commerce examination.

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