Post Utme Unilag 2022 Commerce Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Unilag Commerce examination.

Post Utme Unilag 2022 Commerce Objective / Multiple Choice
Question 23 POST_UTME_UNILAG • 2022 • COMMERCE • objective

A bank has a reserve requirement of 10% on deposits. If the bank has a deposit of ₦10,000,000, how much must it keep in reserve?

Answer Options

Correct Answer A. ₦1,000,000
B. ₦1,500,000
C. ₦2,000,000
D. ₦2,500,000
Correct Answer
A
Correct Option:
₦1,000,000

About This Question

This is Post Utme Unilag 2022 Commerce Question 23. It is one of the objective questions from the 2022 Post Utme Unilag Commerce examination.

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