As of August 2015,required reserve ratios in the U.S.for demand deposits were
A)0 percent,3 percent,and 10 percent.
B)10 percent on all deposits.
C)3 percent on all deposits.
D)0 percent on all deposits.

Question

Quizplus · Accepted Answer

The required reserve ratios for demand deposits in the U.S. as of August 2015 were 0 percent for the first $14.5 million in deposits, 3 percent for deposits between $14.5 million and $103.6 million, and 10 percent for deposits over $103.6 million. Therefore, option A is the correct choice as it accurately reflects the different reserve ratios depending on the amount of deposits.

As of August 2015,required Reserve Ratios in the U