The table shows a bank's balance sheet. The bank has no excess reserves and there is no currency drain.

Calculate the bank's desired reserve ratio.

>>> Answer to 1 decimal place.

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Part 1

The bank's desired reserve ratio is

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percent of deposits.

Assets		Liabilities
(millions of dollars)
Reserves at the Fed	20		Checkable deposits	120
Cash in vault	10		Savings deposits	65
Securities	45
Loans	110