Exhibit: Deposit Expansion Stages What is the required reserve ratio? Group of answer choices  1) 5% 2) 10%  3) 20% 4)25%.

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Exhibit: Deposit Expansion Stages What is the required reserve ratio? Group of answer choices 

1) 5%

2) 10% 

3) 20%

4)25%.

New
Checkable
New
New
New
Cumulative
Required
Excess
Loans
New
Stage
Deposits
Reserves Reserves
Deposits
1
$1,000
SA
SB
SC
2
SC
$1,800
3
$128
$2,440
4
$512
SD
$410
$410
SE
5
$82
6
$262
$262
Remaining
Stages
$1,310
Total
SF
SG
$4,000
SH
Transcribed Image Text:New Checkable New New New Cumulative Required Excess Loans New Stage Deposits Reserves Reserves Deposits 1 $1,000 SA SB SC 2 SC $1,800 3 $128 $2,440 4 $512 SD $410 $410 SE 5 $82 6 $262 $262 Remaining Stages $1,310 Total SF SG $4,000 SH
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