Post Utme Unilag 2025 Economics Question 30

Practice objective / multiple choice question 30 from the 2025 Post Utme Unilag Economics examination.

Post Utme Unilag 2025 Economics Objective / Multiple Choice
Question 30 POST_UTME_UNILAG • 2025 • ECONOMICS • objective

A central bank has a money supply of ₦500 billion, a reserve requirement of 20%, and a currency in circulation of ₦300 billion. What is the bank's excess reserve?

Answer Options

Correct Answer A. ₦20 billion
B. ₦30 billion
C. ₦40 billion
D. ₦50 billion
Correct Answer
A
Correct Option:
₦20 billion

About This Question

This is Post Utme Unilag 2025 Economics Question 30. It is one of the objective questions from the 2025 Post Utme Unilag Economics examination.

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