Reference: Ref 15-2 (Table: Multiple Deposit Expansion) For the multiple deposit expansion process described in this table, what is the required reserve ratio in this banking system?
A) 92 percent
B) 20 percent
C) 10 percent
D) 8 percent

Question

Reference: Ref 15-2 (Table: Multiple Deposit Expansion) For the multiple deposit expansion process described in this table, what is the required reserve ratio in this banking system?
A) 92 percent 
B) 20 percent 
C) 10 percent 
D) 8 percent

Quizplus · Accepted Answer

The Answer of  Reference: Ref 15-2 (Table: Multiple Deposit Expansion) For the multiple deposit expansion process described in this table, what is the required reserve ratio in this banking system?
A) 92 percent 
B) 20 percent 
C) 10 percent 
D) 8 percent

Reference: Ref 15-2 (Table: Multiple Deposit Expansion) for the Multiple