Table 16-5.
-Refer to Table 16-5. The Bank of Pleasantville's reserve ratio is
A)1 percent.
B)5 percent.
C)10 percent.
D)20 percent.

Name: Table 16-5. -Refer to Table 16-5. The Bank of Pleasantville's reserve ratio is A)1 percent. B)5 percent. C)10 percent. D)20 percent.
Brand: Quizplus
Rating: 4.7 (30 reviews)

Question

Table 16-5. 
-Refer to Table 16-5. The Bank of Pleasantville's reserve ratio is
A)1 percent. 
B)5 percent. 
C)10 percent. 
D)20 percent.

Quizplus · Accepted Answer

The reserve ratio is the fraction of deposits that a bank holds as reserves. A 10 percent reserve ratio means the bank holds 10% of its deposits as reserves.

Table 16-5. -Refer to Table 16-5. the Bank of Pleasantville's Reserve Ratio