Post Utme Unn 2024 Commerce Question 16

Practice objective / multiple choice question 16 from the 2024 Post Utme Unn Commerce examination.

Post Utme Unn 2024 Commerce Objective / Multiple Choice
Question 16 POST_UTME_UNN • 2024 • COMMERCE • objective

A bank's cash reserve requirement is 10% of its total deposits. If the bank has ₦10,000,000 in deposits, how much cash must it reserve?

Answer Options

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

About This Question

This is Post Utme Unn 2024 Commerce Question 16. It is one of the objective questions from the 2024 Post Utme Unn Commerce examination.

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