Post Utme Veritas University 2020 Commerce Question 34

Practice objective / multiple choice question 34 from the 2020 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2020 Commerce Objective / Multiple Choice
Question 34 POST_UTME_VERITAS_UNIVERSITY • 2020 • COMMERCE • objective

A company has a policy of maintaining a cash reserve of 20% of its total assets. If the company has total assets of ₦1,000,000, how much cash should it maintain in its reserve?

Answer Options

Correct Answer A. ₦200,000
B. ₦250,000
C. ₦300,000
D. ₦350,000
Correct Answer
A
Correct Option:
₦200,000

About This Question

This is Post Utme Veritas University 2020 Commerce Question 34. It is one of the objective questions from the 2020 Post Utme Veritas University Commerce examination.

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