Ask Question
7 August, 13:37

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:

+3
Answers (1)
  1. 7 August, 15:35
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suppose total deposits in the first bank of commerce are $200,000 and required reserves are $10,000. based on this information, the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers