Bank North's Balance SheetAssetsLiabilitiesReserves$300Deposits$2000Loans$2200Capital$500$2500$2500TABLE 27-1

Refer to Table 27-1. Assume that Bank North is operating with no excess reserves. What is their actual reserve ratio?

Question 3 options:

A)

15%

B)

25%

C)

13.67%

D)

20%

E)

12%