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3 years ago

15

The required reserve ratio is the minimum percentage of _ that _ are required to hold as reserves.

1 answer:

Anastasy [175]3 years ago

6 0

Answer:

Deposits , banks

Explanation:

Deposits , banks

The reserve ratio required gives the percentage of deposits banks have to hold as reserves.It is the reserve-to-deposit ratio.If the minimum reserve ratio is 10 percent, this means that as required reserves, banks must retain 10 percent of their deposits. When deposits are $20 million, then as required reserves, $2 million ($20 million x.10) must be kept.

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Answer:

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