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?
a
N9,000
b
N3,330
c
N2,770
d
N2,100
Explanation
Correct Option
dNo explanation available
Video Explanation
No video available
Post your Contribution
Share:
Discussions (0)
No comments yet
Be the first to comment
