The People's Bank of China lowered the required reserve ratio from 13.5 percent to 13 percent but it remained much higher than in other countries. Compare the required reserve ratio in China and the required reserve ratio on checkable deposits in the United States today. The required reserve ratio in the United States which is than the required reserve ratio in China. A. ranges from 5 percent on checkable deposits to 25 percent on some savings deposits; sometimes lower and sometimes higher O B. is 10 percent; lower C. ranges from zero to 3 percent on checkable deposits below a specified level to 10 percent on deposits in excess of the specified level; lower D. is zero; lower E. is determined by the IMF; always lower The demand for money is the relationship between the quantity of money demanded and the A. real wage rate; spend B. quantity of output; spend C. real interest rate: hold D. nominal interest rate; hold