Reserve ratio is the ratio of a bank's reserves to the amount of its demand deposits, i.e. its checking deposits. The Fed sets the required minimum ratio, currently 10%. Even with no specified minimum ratio, banks would have to maintain sufficient reserves to cover checks written by depositors and to provide cash on demand.
" all of the following " where they at?
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The Coercive Acts, which were called the Intolerable Acts by the American colonists, were passed by Parliament in 1774 in response to colonial resistance to British rule.
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