Post Utme Unn 2018 Commerce Question 21
Practice objective / multiple choice question 21 from the 2018 Post Utme Unn Commerce examination.
A bank's cash reserve ratio is 20%. If the bank has a total deposit of ₦1,000,000, what is the minimum amount of cash it must hold in reserve?
Answer Options
About This Question
This is Post Utme Unn 2018 Commerce Question 21. It is one of the objective questions from the 2018 Post Utme Unn Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.