Exhibit 15-4 Balance sheet of Tucker National Bank
Assets
Liabilities
Required reserves$ 4,000
Checkable deposits$20,000
Excess reserves16,000
Loans 0
Total$20,000
Total$20,000
The required reserve ratio in Exhibit 15-4 is:
A. 5 percent.
B. 10 percent.
C. 15 percent.
D. 20 percent.
Answer: D
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