Post Utme Wellspring University 2022 Commerce Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Wellspring University Commerce examination.

Post Utme Wellspring University 2022 Commerce Objective / Multiple Choice
Question 23 POST_UTME_WELLSPRING_UNIVERSITY • 2022 • COMMERCE • objective

A bank's balance sheet is given by Assets = Liabilities + Equity. If the bank's assets are ₦1,000,000, liabilities are ₦500,000, and equity is ₦300,000, what is the bank's liquidity ratio?

Answer Options

A. 0.6
Correct Answer B. 0.7
C. 0.8
D. 0.9
Correct Answer
B
Correct Option:
0.7

About This Question

This is Post Utme Wellspring University 2022 Commerce Question 23. It is one of the objective questions from the 2022 Post Utme Wellspring University Commerce examination.

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