A Commercial Bank's Actual Reserve Ratio Is the

A commercial bank's actual reserve ratio is the

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