Post Utme Unn 2023 Commerce Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Unn Commerce examination.

Post Utme Unn 2023 Commerce Objective / Multiple Choice
Question 19 POST_UTME_UNN • 2023 • COMMERCE • objective

A bank has a reserve requirement of 10% for its customers. If a customer deposits ₦100,000 into their account, how much will the bank reserve and how much will be available for withdrawal?

Answer Options

Correct Answer A. ₦10,000 reserved, ₦90,000 available
B. ₦15,000 reserved, ₦85,000 available
C. ₦20,000 reserved, ₦80,000 available
D. ₦25,000 reserved, ₦75,000 available
Correct Answer
A
Correct Option:
₦10,000 reserved, ₦90,000 available

About This Question

This is Post Utme Unn 2023 Commerce Question 19. It is one of the objective questions from the 2023 Post Utme Unn Commerce examination.

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