A. N2000
B. N18 000
C. N12 000
D. N8 000
Correct Answer:
Option D = N8 000
If the required reserves of a bank is 20% and N10 000 is paid into its demand deposit account; what is the excess reserves?
Products
-
Download Business Administration Project Topic PDF - Effects of Job Stress on Employee’s Performance in Evans Nigeria
Original price was: ₦600.00.₦300.00Current price is: ₦300.00.
-
Download Accountancy Project Topic PDF - Effect Of Cost Control On The Profit Of An Organization (A Case Study Viju Milk Industries Nigeria Limited)
Original price was: ₦600.00.₦400.00Current price is: ₦400.00.
-
Download Animal Production Journal Article PDF - Performance of Some Forage Rass Species in the Southern Guinea Savannah Agro-Ecological Zone in Nasarawa State of Nigeria
Original price was: ₦600.00.₦300.00Current price is: ₦300.00.
-
Download Conference Paper Article PDF - Video Summarization Based Handout Generation from Video Lectures: A Gesture Recognition Framework
Original price was: ₦600.00.₦300.00Current price is: ₦300.00.
-
Download Conference on Advanced Computer Theory Article PDF - Real-Time Mono Vision Gesture-Based Virtual Keyboard System
Original price was: ₦600.00.₦300.00Current price is: ₦300.00.