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 the percentage of deposits that banks must hold as reserves, either in their vaults or with the Federal Reserve Bank. In Exhibit 19-6, the bank's deposits are $190 million and its reserves are $19 million, which is 10 percent of its deposits. Therefore, the required reserve ratio is 10 percent.

Exhibit 19-6 Balance Sheet of Tucker National Bank