Post Utme Uniosun 2023 Commerce Question 6

Practice objective / multiple choice question 6 from the 2023 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2023 Commerce Objective / Multiple Choice
Question 6 POST_UTME_UNIOSUN • 2023 • 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. ₦250,000
C. ₦300,000
D. ₦400,000
Correct Answer
A
Correct Option:
₦200,000

About This Question

This is Post Utme Uniosun 2023 Commerce Question 6. It is one of the objective questions from the 2023 Post Utme Uniosun Commerce examination.

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