Post Utme Uniosun 2019 Commerce Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2019 Commerce Objective / Multiple Choice
Question 2 POST_UTME_UNIOSUN • 2019 • COMMERCE • objective

A bank's cash reserve ratio is 20%. If it has ₦100,000 in reserves, what is the total amount of deposits it can make?

Answer Options

A. ₦400,000
Correct Answer B. ₦500,000
C. ₦200,000
D. ₦300,000
Correct Answer
B
Correct Option:
₦500,000

About This Question

This is Post Utme Uniosun 2019 Commerce Question 2. It is one of the objective questions from the 2019 Post Utme Uniosun Commerce examination.

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