A bank has $100 million of checkable deposits, $6 million of required reserves, and $2 million of excess reserves. What is the required reserve ratio?
A) 2 percent
B) 3 percent
C) 6 percent
D) 12 percent

Name: A bank has $100 million of checkable deposits, $6 million of required reserves, and $2 million of excess reserves. What is the required reserve ratio? A) 2 percent B) 3 percent C) 6 percent D) 12 percent
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The Answer is C

A Bank Has $100 Million of Checkable Deposits, $6 Million