joemartinez7403 joemartinez7403

23-07-2020
Business

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Suppose total deposits in the First Bank of Commerce are $200,000 and required reserves are $10,000. Based on this information, the required reserve ratio is: Multiple Choice 20.0. 0.05. 0.20. 0.10.

Respuesta :

ewomazinoade ewomazinoade

28-07-2020

Answer:

0.05

Explanation:

the required reserve ratio is the ratio of deposits that should be kept as reserves by deposit accepting banks.

$10,000 / $200,000 = 0.05

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