The Bank of Texas has $1 million in deposits and $200,000 in reserves. If excess reserves are equal to $150,000, the required reserve ratio is:

Name: The Bank of Texas has $1 million in deposits and $200,000 in reserves. If excess reserves are equal to $150,000, the required reserve ratio is:
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The Answer of The Bank of Texas has $1 million in deposits and $200,000 in reserves. If excess reserves are equal to $150,000, the required reserve ratio is:

The Bank of Texas Has $1 Million in Deposits and $200,000