The sum of N80,000 is deposited in a bank and the cash ra...
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?
N100,000
N800,000
N1,000,000
N8,000,000
Correct answer is B
No explanation has been provided for this answer.
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