Post Utme Uniosun 2020 Commerce Question 35

Practice objective / multiple choice question 35 from the 2020 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2020 Commerce Objective / Multiple Choice
Question 35 POST_UTME_UNIOSUN • 2020 • COMMERCE • objective

A bank has a reserve requirement of 10%. If the bank has a cash reserve of ₦100,000, what is the maximum amount of loans it can give out?

Answer Options

A. ₦900,000
B. ₦1,000,000
Correct Answer C. ₦1,100,000
D. ₦1,200,000
Correct Answer
C
Correct Option:
₦1,100,000

About This Question

This is Post Utme Uniosun 2020 Commerce Question 35. It is one of the objective questions from the 2020 Post Utme Uniosun Commerce examination.

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