Deposit Money Banks And The Creation Of Money Jamb Economics Past Questions
Question 16
Foreign exchange control in Nigeria is administered by the?
- A. United Bank for Africa
- B. Union Bank of Nigeria
- C. First Bank Of Nigeria
- D. Central Bank of Nigeria
- E. Natonal Bank of Nigeria
Question 17
Given that the cash reserve ratio is 10 percent, what is the maximum amount of that the banking system can create from an initial cash deposit of N1,000.00?
- A. N100.00
- B. N1,000.00
- C. N9,000.00
- D. N10,000.00
