Post Utme Unn 2023 Commerce Question 4

Practice objective / multiple choice question 4 from the 2023 Post Utme Unn Commerce examination.

Post Utme Unn 2023 Commerce Objective / Multiple Choice
Question 4 POST_UTME_UNN • 2023 • COMMERCE • objective

A bank's balance sheet is given by Assets = ₦100,000, Liabilities = ₦50,000, and Equity = ₦50,000. If the bank's current cash balance is ₦20,000, what is the bank's liquidity ratio?

Answer Options

A. 0.2
Correct Answer B. 0.3
C. 0.4
D. 0.5
Correct Answer
B
Correct Option:
0.3

About This Question

This is Post Utme Unn 2023 Commerce Question 4. It is one of the objective questions from the 2023 Post Utme Unn Commerce examination.

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