Multiple Choice
Given the following information about Metropolis Bank:
Bank Deposits $50,000
Loans 17,500
Required Reserves 30,000
Excess Reserves 2,500
The required reserve ratio must be
A) 75 percent.
B) 60 percent.
C) 30 percent.
D) 15 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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