-The Above Table Gives the Initial Balance Sheet for Mega

question 82

Multiple Choice

-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

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Definitions:

Dollar

A currency unit used by the United States and some other countries, recognized by its symbol $.

Labor Force

The labor force comprises all the working-age population that is actively employed or seeking employment in an economy.

Agriculture

The practice of cultivating the soil, producing crops, and raising livestock for human use and consumption.

Farm Employment

Work or labor performed in agricultural sectors, including growing crops and raising livestock.