A Commercial Bank's Target Reserve Ratio Is the

A commercial bank's target reserve ratio is the

A) fraction of its deposit liabilities that are backed by gold.
B) fraction of its deposit liabilities that it wishes to holds as reserves, either as cash or as deposits with the Bank of Canada.
C) fraction of its deposit liabilities that it actually holds as cash in its own vaults.
D) ratio of chequable deposits to term deposits that the bank holds on its books.
E) ratio of Canadian dollars to foreign currencies that the bank holds on its books.