Determine if the stataments are true or false and place them in the proper category.TrueFalseAnswer BankThe reserve ratio determines the interest rate that customers receive for depositing money in a bank.The primary reason why the Bank of Canada requires commercial banks to keep a specified amount of reserves is to decrease bank leverages.In Canada, the reserve ratio is set by provincial governments.Excess reserves are reserves held above what is required by the reserve ratio$\mathrm{.}18\backslash$deg C Clear $^11$:$00$