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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:

Respuesta :

MrBalduzzi
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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