-The above table gives the initial balance sheet for Mega Bank. Mega Bank's desired reserves equal its required reserves. Based on the initial balance sheet, what is the required reserve ratio for Mega Bank?
A) 3 percent
B) 30 percent
C) 1.4 percent
D) 10 percent

Question

-The above table gives the initial balance sheet for Mega Bank. Mega Bank's desired reserves equal its required reserves. Based on the initial balance sheet, what is the required reserve ratio for Mega Bank?
A) 3 percent 
B) 30 percent 
C) 1.4 percent 
D) 10 percent

Quizplus · Accepted Answer

The Answer of 
-The above table gives the initial balance sheet for Mega Bank. Mega Bank's desired reserves equal its required reserves. Based on the initial balance sheet, what is the required reserve ratio for Mega Bank?
A) 3 percent 
B) 30 percent 
C) 1.4 percent 
D) 10 percent

-The Above Table Gives the Initial Balance Sheet for Mega