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Assets Liabilities + Net Worth $20,000 cash on hand $80,000 loans $100,000 checkable deposits Let's assume the above table summarizes the balance sheet for a
Assets Liabilities + Net Worth $20,000 cash on hand $80,000 loans $100,000 checkable deposits Let's assume the above table summarizes the balance sheet for a bank. Based on the numbers in the table, what is the bank's reserve ratio? (Note: when entering an answer, enter a whole number without any additional symbols, such as "%," and round to the nearest hundredth. Imagine you think the answer is 50%. Enter the answer as 50.00 OR 0.50)
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