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antoniya [11.8K]
2 years ago
7

Assume that the following balance sheet portrays the state of the banking system. the banks currently have no excess reserves.

Business
1 answer:
Snowcat [4.5K]2 years ago
3 0

Answer:

20%

Explanation:

The total reserves of banks is $4 billion

Since the banks have no excess reserves then, the total amount of required reserves is $4 billion

The checkabke deposits is $20 billion

Therefore, the required reserve ratio can be calculated as follows

Required reserve ratio= $4 billion/$20 billion

= 0.20×100

= 20%

Hence the required reserve ratio is 20%

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Explanation:

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3 years ago
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Please see attachment

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