Post Utme Unilag 2019 Commerce Question 33
Practice objective / multiple choice question 33 from the 2019 Post Utme Unilag Commerce examination.
A bank's cash reserve ratio is the percentage of deposits that it is required to hold in reserve. If a bank has a cash reserve ratio of 20% and its deposits amount to ₦10,000,000, how much cash must it hold in reserve?
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About This Question
This is Post Utme Unilag 2019 Commerce Question 33. It is one of the objective questions from the 2019 Post Utme Unilag Commerce examination.
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