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:A cheque drawn by a bank official on the bank’s…Write short notes on the following: (i) Central bank…The sum of N80,000 is deposited in a bank and the…In bank reconciliation, when a cash book shows a…A ship travelling towards a cliff receives the echo…