Use the information in this balance sheet to answer the questions below. -------

Question

Use the information in this balance sheet to answer the questions below. -------------------------------------------------------------------------------- Assets Liabilities -------------------------------------------------------------------------------- Excess Reserves $500 Deposits $6,000 Required Reserves $1,500 Loans $4,000 -------------------------------------------------------------------------------- Total $6,000 Total $6,000 -------------------------------------------------------------------------------- 10.1. What is the required reserve ratio? A. The required reserve ratio cannot be determined with the information available. B. 30% C. 25% D. 20% E. 10%

Explanation / Answer

B. 30%

Related Questions

Navigate

• Browse (All)
• Browse U
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.