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26 April, 05:18

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:

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  1. 26 April, 05:23
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    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.
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