If on receiving a checking deposit of $300 a bank's excess reserves increased by $255, the required reserve ratio must be

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25-03-2022
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If on receiving a checking deposit of $300 a bank's excess reserves increased by $255, the required reserve ratio must be

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anthougo anthougo · Answer 1 · 2022-04-07T09:38:08+02:00

If on receiving a checking deposit of $300 a bank's excess reserves increased by $255, the required reserve ratio must be 15%.

What is the required reserve ratio?

The required reserve ratio is the fraction of deposits that the Federal Reserve requires banks to hold as reserves.

The reserve ratio can be computed by dividing the difference between the deposit and the increase in excess reserves by the original deposit and multiplying by 100.

Data and Calculations:

Checking deposit = $300

Increase in excess reserves = $255

Required reserve = $45 ($300 - $255)

Reserve ratio = 15% ($45/$300 x 100)

Thus, if on receiving a checking deposit of $300 a bank's excess reserves increased by $255, the required reserve ratio must be 15%.

Learn more about reserve ratios at https://brainly.com/question/25757631