Suppose a bank has $200,000 in deposits and a reserve ratio of 15 percent. Its required reserves are
A) $350.
B) $1,500.
C) $3,000.
D) $30,000.

Name: Suppose a bank has $200,000 in deposits and a reserve ratio of 15 percent. Its required reserves are A) $350. B) $1,500. C) $3,000. D) $30,000.
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Quizplus · Accepted Answer

Required reserves are calculated as the reserve ratio multiplied by the total deposits. Here, 15% of $200,000 equals $30,000.

Suppose a Bank Has $200,000 in Deposits and a Reserve