If required reserves are $150 and deposits are $1,000, what is the required reserve ratio?
A) 10 percent
B) 15 percent
C) 5 percent
D) 85 percent

Name: If required reserves are $150 and deposits are $1,000, what is the required reserve ratio? A) 10 percent B) 15 percent C) 5 percent D) 85 percent
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Quizplus · Accepted Answer

The required reserve ratio is calculated by dividing the required reserves by the total deposits. So, $150 / $1,000 = 0.15 or 15 percent.

If Required Reserves Are $150 and Deposits Are $1,000, What