Post Utme Veritas University 2024 Commerce Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2024 Commerce Objective / Multiple Choice
Question 30 POST_UTME_VERITAS_UNIVERSITY • 2024 • COMMERCE • objective

A bank's reserve requirement is set by the central bank at 10% of deposits. If a bank has 100,000 in deposits, how much must it hold in 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 2024 Commerce Question 30. It is one of the objective questions from the 2024 Post Utme Veritas University Commerce examination.

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