Post Utme Veritas University 2018 Commerce Question 18

Practice objective / multiple choice question 18 from the 2018 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2018 Commerce Objective / Multiple Choice
Question 18 POST_UTME_VERITAS_UNIVERSITY • 2018 • COMMERCE • objective

A bank has a reserve requirement of 10% for its customers. If a customer has a deposit of ₦100,000, how much must the bank reserve?

Answer Options

Correct Answer A. ₦10,000
B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
A
Correct Option:
₦10,000

About This Question

This is Post Utme Veritas University 2018 Commerce Question 18. It is one of the objective questions from the 2018 Post Utme Veritas University Commerce examination.

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