Given the following information about AAA bank:
Bank Deposits $200,000
Loans 100,000
Required Reserves 40,000
Excess Reserves 60,000
What is the reserve ratio?
A) 50 percent
B) 40 percent
C) 20 percent
D) 10 percent
Correct Answer:
Verified
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A) are the sum of
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B)
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B)
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