Post Utme Wellspring University 2021 Commerce Question 28

Practice objective / multiple choice question 28 from the 2021 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2021 Commerce Objective / Multiple Choice
Question 28 POST_UTME_WELLSPRING_UNIVERSITY • 2021 • COMMERCE • objective

A bank's cash reserve ratio is 20%. If the bank has a total deposit of ₦100,000, how much cash must it reserve?

Answer Options

Correct Answer A. ₦20,000
B. ₦25,000
C. ₦30,000
D. ₦35,000
Correct Answer
A
Correct Option:
₦20,000

About This Question

This is Post Utme Wellspring University 2021 Commerce Question 28. It is one of the objective questions from the 2021 Post Utme Wellspring University Commerce examination.

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