The sum of N80 000 is deposited in a bank and t... - JAMB Economics 1993 Question
The sum of N80,000 is deposited in a bank and the cash ratio of the banking system is 10%. calculate the sum of money the bank can create from the deposit?
A
N 100 000
B
N 800 000
C
N 1000 000
D
N 8000 000
correct option: b
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