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:Write short notes on the following: (i) Central bank…A proportion of the total deposit that a commercial…The ratio of the initial to final pressure of a…The savings deposit in a commercial bank is called?Deposit held in a commercial bank are part of?