Post Utme Unn 2025 Commerce Question 14

Practice objective / multiple choice question 14 from the 2025 Post Utme Unn Commerce examination.

Post Utme Unn 2025 Commerce Objective / Multiple Choice
Question 14 POST_UTME_UNN • 2025 • COMMERCE • objective

A bank's reserve requirement is 10%. If the bank has a reserve balance of ₦100,000, how much in new deposits can it accept?

Answer Options

Correct Answer A. ₦1,000,000
B. ₦900,000
C. ₦1,100,000
D. ₦1,200,000
Correct Answer
A
Correct Option:
₦1,000,000

About This Question

This is Post Utme Unn 2025 Commerce Question 14. It is one of the objective questions from the 2025 Post Utme Unn Commerce examination.

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