The required reserve ratio for a bank is set by:
A) Congress.
B) the bank itself.
C) the Treasury Department.
D) the banking system.
E) the Federal Reserve.

Question

Quizplus · Accepted Answer

The required reserve ratio for a bank is set by the Federal Reserve, which is the central bank of the United States. The Federal Reserve uses this tool to regulate the money supply and manage the overall economy.

The Required Reserve Ratio for a Bank Is Set By