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A bank with $120 million in deposits has required reserves of _________ if the required reserve ratio is 10% a. $1.2 million b. $10 million c. $12 million d. $120 million

A bank with $120 million in deposits has required reserves of _________ if the required reserve ratio is 10% a. $1.2 million b. $10 million c. $12 million d. $120 million
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A bank with $120 million in deposits has required reserves of _________ if the required

reserve ratio is 10%
a. $1.2 million
b. $10 million
c. $12 million
d. $120 million

User Adam Barney
by
8.2k points

1 Answer

6 votes

Answer:c 12 million

Step-by-step explanation:

User GorkemHalulu
by
7.8k points
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