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

Economics Jul 28, 2020

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