Which of these statements best describes why the required reserve ratio is no longer relevant in most cases today? Question 9 options: Sweep accounts eliminated the need for the required reserve ratio. Changes in the required reserve ratio can affect the size of the money multiplier. About 70% of banks already have reserves that exceed their level of required reserves. The required reserve ratio rarely had a positive effect in most situationCurrently, the power of the Federal Reserve rests with: Question 10 options: the chair of the Federal Reserve and a board of six governors. an elected board of governors of the Federal Reserve. the chair of the Fed and the board of the New York Federal Reserve Bank. 24 member banks