Given the Following Information About Metropolis Bank

question 124

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.

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Advertiser's Website

A website owned by a business or individual for the purpose of promoting and advertising products or services.

Fixed Amount

A specific sum of money that does not change or vary under specified conditions.

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