Given the following information about Metropolis Bank:
Bank Deposits $50,000
Loans 17,500
Required Reserves 30,000
Excess Reserves 2,500
The required reserve ratio must be
A) 75 percent.
B) 60 percent.
C) 30 percent.
D) 15 percent.

Question

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The Answer of Given the following information about Metropolis Bank:
Bank Deposits $50,000
Loans 17,500
Required Reserves 30,000
Excess Reserves 2,500
The required reserve ratio must be
A) 75 percent.
B) 60 percent.
C) 30 percent.
D) 15 percent.

Given the Following Information About Metropolis Bank