Table 13-2

-In Table 13-2,if desired reserves are $150,000,the desired reserve ratio for XYZ Bank is

Question

Table 13-2
 
-In Table 13-2,if desired reserves are $150,000,the desired reserve ratio for XYZ Bank is

Quizplus · Accepted Answer

The desired reserve ratio is calculated by dividing the desired reserves by the total deposits. Without the specific details from Table 13-2, we cannot accurately calculate the ratio. However, if the desired reserves are $150,000 and the choice is 15 percent, it implies that the total deposits are $1,000,000, since $150,000 is 15% of $1,000,000. This is a logical deduction based on the information typically given in such questions, but the exact answer depends on the details in Table 13-2, which are not provided here.

Table 13-2 -In Table 13-2,if Desired Reserves Are $150,000,the Desired Reserve Ratio