Table 29-4

-Refer to Table 29-4. The Bank of Cheerton's reserve ratio is
A)8.7 percent.
B)11.3 percent.
C)8.0 percent.
D)14.3 percent.

Name: Table 29-4 -Refer to Table 29-4. The Bank of Cheerton's reserve ratio is A)8.7 percent. B)11.3 percent. C)8.0 percent. D)14.3 percent.
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Question

Table 29-4
  ​
-Refer to Table 29-4. The Bank of Cheerton's reserve ratio is
A)8.7 percent. 
B)11.3 percent. 
C)8.0 percent. 
D)14.3 percent.

Quizplus · Accepted Answer

The reserve ratio is calculated by dividing the bank's reserves by its total deposits. The correct choice is based on the specific figures provided in Table 29-4, which indicate that the reserve ratio is 8.0 percent.

Table 29-4 ​

Table 29-4