-Refer to Table 13.4. First Charter Bank will have zero excess reserves if the required reserve ratio is:

Name: -Refer to Table 13.4. First Charter Bank will have zero excess reserves if the required reserve ratio is:
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First Charter Bank will have zero excess reserves if the required reserve ratio is 10%. This is because the bank's total reserves of $100 million will be equal to its required reserves of $10 million (10% x $100 million).