If required reserves are $150 and deposits are $1000, what is the required reserve ratio?
A) 85 percent
B) 10 percent
C) 5 percent
D) 15 percent

Name: If required reserves are $150 and deposits are $1000, what is the required reserve ratio? A) 85 percent B) 10 percent C) 5 percent D) 15 percent
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Question

Quizplus · Accepted Answer

Required reserve ratio = Required reserves / Deposits
Required reserve ratio = $150 / $1000 = 0.15 or 15% (rounded to the nearest whole number)

If Required Reserves Are $150 and Deposits Are $1000, What