Respuesta :
Answer:
Option (a) $40,000
Explanation:
Data provided in the question:
Required reserve ratio = 40 percent
Deposits = $100,000
Now,
we know that
Required reserves = Amount of Deposits × Required Reserve ratio
or
Required reserves = $100,000 × 40%
or
Required reserves = $100,000 × 0.40
or
Required reserves = $40,000
Hence,
Option (a) $40,000
Answer:
Option (a) is correct.
Explanation:
Required reserve ratio refers to the ratio that banks have to kept with their nation's central bank and the central bank uses this ratio for controlling the money supply in an economy.
Given that,
Required reserve ratio = 40 percent
Amount of deposits = $100,000
Amount of required reserves:
= 40% of Amount of deposits
= 0.4 × $100,000
= $40,000
