Exhibit 19-6 Balance sheet of Tucker National Bank The required reserve ratio in Exhibit 19-6 is:

Question

Exhibit 19-6  Balance sheet of Tucker National Bank  The required reserve ratio in Exhibit 19-6 is:

Quizplus · Accepted Answer

The required reserve ratio is calculated as total reserves divided by total deposits. In this case, total reserves are $45 million (vault cash of $5 million plus deposits with the Fed of $40 million) and total deposits are $450 million, resulting in a required reserve ratio of 10 percent (45/450 = 0.1).

Exhibit 19-6 Balance Sheet of Tucker National Bank the Required