If required reserves are $150 and deposits are $1000, what is the required reserve ratio?
A) 5 percent
B) 85 percent
C) 10 percent
D) 15 percent

Name: If required reserves are $150 and deposits are $1000, what is the required reserve ratio? A) 5 percent B) 85 percent C) 10 percent D) 15 percent
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Quizplus · Accepted Answer

The required reserve ratio is calculated by dividing required reserves by deposits. So, $150 / $1000 = 0.15 or 15 percent.

If Required Reserves Are $150 and Deposits Are $1000, What