Post Utme Unn 2022 Commerce Question 25

Practice objective / multiple choice question 25 from the 2022 Post Utme Unn Commerce examination.

Post Utme Unn 2022 Commerce Objective / Multiple Choice
Question 25 POST_UTME_UNN • 2022 • COMMERCE • objective

A bank's cash reserve ratio is 20%. If the bank has a total deposit of ₦10,000,000, how much cash must it reserve?

Answer Options

Correct Answer A. ₦2,000,000
B. ₦1,500,000
C. ₦2,500,000
D. ₦1,000,000
Correct Answer
A
Correct Option:
₦2,000,000

About This Question

This is Post Utme Unn 2022 Commerce Question 25. It is one of the objective questions from the 2022 Post Utme Unn Commerce examination.

View More Post Utme Unn 2022 Commerce Questions More Post Utme Unn Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support