Asked by Lorna Richards on May 17, 2024
Verified
What is his reserve ratio?
Reserve Ratio
The fraction of deposits that banks are required to hold in reserve and not lend out, aimed at controlling the money supply and banking stability.
- Understand the concept of reserve ratios and its application in banking.
Verified Answer
SR
Learning Objectives
- Understand the concept of reserve ratios and its application in banking.