-The above table gives the initial balance sheet for Mini Bank. If the bank's desired reserve ratio is 10 percent, how much does this bank have in unplanned reserves?
A) $60
B) $90
C) $40
D) $10

Question

-The above table gives the initial balance sheet for Mini Bank. If the bank's desired reserve ratio is 10 percent, how much does this bank have in unplanned reserves?
A) $60 
B) $90 
C) $40 
D) $10

Quizplus · Accepted Answer

The bank has $100 in deposits and $10 in reserves. The desired reserve ratio is 10%, so the bank should have $10 in reserves. The bank has $10 in unplanned reserves.

-The Above Table Gives the Initial Balance Sheet for Mini