Homework answers / question archive / Exhibit 12-4: Balance Sheet Bank XZY<br/>Assets($ millions)Liabilities($ millions)Required Reserves$30Checkable Deposits$250Excess Reserves0Nontransaction Deposits350Loans700Borrowing25Securities140Bank Capital(A) Refer to Exhibit 12-4

Exhibit 12-4: Balance Sheet Bank XZY<br/>Assets($ millions)Liabilities($ millions)Required Reserves$30Checkable Deposits$250Excess Reserves0Nontransaction Deposits350Loans700Borrowing25Securities140Bank Capital(A) Refer to Exhibit 12-4

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Exhibit 12-4: Balance Sheet Bank XZY<br/>Assets($ millions)Liabilities($

millions)Required Reserves$30Checkable Deposits$250Excess Reserves0Nontransaction Deposits350Loans700Borrowing25Securities140Bank Capital(A)
Refer to Exhibit 12-4. What is the required reserve ratio?
Group of answer choices




There is not enough information provided to answer this question.


10 percent


12 percent


9 percent


11 percent