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The sum of N80,000 is deposited in a bank and the cash ratio of the banking system is ...

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




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