If a bank has in deposits, in total reserves, and the required reserve ratio the bank must ab
how many required reserves does the bank have? Please do not enter the dollar sign ($),

The required reserve ratio specifies the percentage of deposits that banks must hold as reserves. In a scenario where a bank has in deposits but the required reserve ratio is missing, we can’t directly calculate the required reserves without that information. If the ratio were, for example, 10%, the bank would need to hold as required reserves. It is important to remember to multiply the deposit amount by the required reserve ratio to find the required reserves.

On the flip side, if you find yourself in a situation where you need to determine how much excess reserves a bank has, you can do so by subtracting the required reserves from the total reserves. If total reserves are and required reserves are , this bank would have in excess reserves, which they could use for lending or other investments. Always check that you’re clear on the required reserve ratio first!