Post Utme Unilorin 2020 Commerce Question 11

Practice objective / multiple choice question 11 from the 2020 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2020 Commerce Objective / Multiple Choice
Question 11 POST_UTME_UNILORIN • 2020 • COMMERCE • objective

A bank's cash reserve ratio is 20%. If the bank has a total deposit of ₦1,000,000, how much cash must it reserve?

Answer Options

Correct Answer A. ₦200,000
B. ₦150,000
C. ₦250,000
D. ₦300,000
Correct Answer
A
Correct Option:
₦200,000

About This Question

This is Post Utme Unilorin 2020 Commerce Question 11. It is one of the objective questions from the 2020 Post Utme Unilorin Commerce examination.

View More Post Utme Unilorin 2020 Commerce Questions More Post Utme Unilorin Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support