Post Utme Uniosun 2017 Commerce Question 19

Practice objective / multiple choice question 19 from the 2017 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2017 Commerce Objective / Multiple Choice

Question 19 POST_UTME_UNIOSUN • 2017 • COMMERCE • objective

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

Answer Options

Correct Answer A. ₦100,000

B. ₦500,000

C. ₦750,000

D. ₦1,000,000

Correct Answer

Correct Option:

₦100,000

About This Question

This is Post Utme Uniosun 2017 Commerce Question 19. It is one of the objective questions from the 2017 Post Utme Uniosun Commerce examination.

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