Exhibit 12-4: Balance Sheet Bank XZY

Assets($ millions)Liabilities($ millions)Required Reserves$30Checkable Deposits$250Excess Reserves0Nontransaction Deposits350Loans700Borrowing25Securities140Bank Capital(A)

Refer to Exhibit 12-4. What is the required reserve ratio?

Group of answer choices

There is not enough information provided to answer this question.

10 percent

12 percent

9 percent

11 percent