Examkits is a JAMB CBT practice platform that provides over 20 years of past questions, Post UTME questions, and detailed video solutions to help students prepare for their exams.

How do I practice JAMB past questions on Examkits?

You can practice JAMB past questions online, on Android, or on a desktop using the Examkits app. Just register on our website and choose your preferred device.

Does Examkits work offline?

Yes. Our Android and Windows versions support offline usage. Once downloaded and activated, no internet is required to use most of the features.

Do you offer video solutions for JAMB questions?

Yes, Examkits provides detailed video explanations for all JAMB past questions from 2000 to 2024, helping students understand how to solve each problem.

Examkits offers free practice for some subjects. However, full access requires a one-time affordable activation fee for each version of the app.

ECONOMICS

JAMB 2008 - Question 30

Economics 2008 JAMB Past Questions - Question 30: If the required reserves of a bank is 20% and #10 000 is paid into its demand deposit account, what is the excess reserves?

Choose the correct answers from the options given.

If the required reserves of a bank is 20% and #10 000 is paid into its demand deposit account, what is the excess reserves?

A: # 2 000

B: # 8000

C: #12000

D: #18000.

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ECONOMICS

Economics 2008 JAMB Past Questions - Question 30: If the required reserves of a bank is 20% and #10 000 is paid into its demand deposit account, what is the excess reserves?

Examkit's JAMB CBT App

Correct Answer

Explanation