Post Utme Unilorin 2022 Commerce Question 5

Practice objective / multiple choice question 5 from the 2022 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2022 Commerce Objective / Multiple Choice
Question 5 POST_UTME_UNILORIN • 2022 • COMMERCE • objective

A bank's cash reserve ratio is 10%. If the bank has ₦1,000,000 in deposits, how much cash must it hold in reserve?

Answer Options

Correct Answer A. ₦100,000
B. ₦100,000.00
C. ₦100,000.00
D. ₦100,000.00
Correct Answer
A
Correct Option:
₦100,000

About This Question

This is Post Utme Unilorin 2022 Commerce Question 5. It is one of the objective questions from the 2022 Post Utme Unilorin Commerce examination.

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