Bank North's Balance Sheet

Bank North's Balance Sheet
Assets Liabilities
Reserves $300 Deposits $2000
Loans $2200 Capital $500
$2500 $2500
TABLE 26-2
-Refer to Table 26-2.Assume that Bank North is operating with no excess reserves.What is their actual reserve ratio?

A) 12%
B) 13.67%
C) 15%
D) 20%
E) 25%