If the reserve requirement for commercial banking in Nigeria were 30%, a commercial bank which receives an initial cash deposit of N3000 is in a position to lend out? by Sunday | Aug 1 | Economics WAEC | 0 comments A. N9,000 B. N3,330 C. N2,770 D. N2,100 Correct Answer: Option D – N2,100 Users Also Read These:The sum of N80,000 is deposited in a bank and the…A ship travelling towards a cliff receives the echo…In bank reconciliation, when a cash book shows a…Deposit held in a commercial bank are part of?Two principal ways by which banks can lend money to…