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Leno4ka [110]
3 years ago
13

Suppose total deposits in the first bank of commerce are $200,000 and required reserves are $10,000. based on this information,

the required reserve ratio is:
Business
1 answer:
Bas_tet [7]3 years ago
4 0
0.05

To find the required reserve ratio, we need to know the total deposits and the required reserves amount. 

Next, we divide the required reserve amount by the total deposits. 
$10,000 / $200,000 = 0.05

The 0.05 is the required reserve ratio for First Bank of Commerce.  
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