Post Utme Wellspring University 2019 Commerce Question 35

Practice objective / multiple choice question 35 from the 2019 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2019 Commerce Objective / Multiple Choice
Question 35 POST_UTME_WELLSPRING_UNIVERSITY • 2019 • COMMERCE • objective

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

Answer Options

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

About This Question

This is Post Utme Wellspring University 2019 Commerce Question 35. It is one of the objective questions from the 2019 Post Utme Wellspring University Commerce examination.

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