JAMB Economics 2012 Objective — Question 32
Question 32 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2012 Objective paper, with the correct answer and a full explanation.
Advertisement
The cash reserve ratio is the proportion of total deposits required of the commercial banks by Central Bank to be kept
- A. as loanable funds
- B. reserve at the Central BankCorrect
- C. as investment
- D. as working capital
Explanation
Cash reserve ratio is the proportion of total deposits required of the commercial banks by Central Bank to be kept.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.