someone deposits $50,000 in her checking account. Prior to her deposit Karen was the only person in the US that held cash. All banks in the US are indentical and hold 2% of their checking deposits as excess reserves. If the balance sheet shows assets, reserves $1,500,000 loans $14,000,000 and liabilities checking deposit $15,000,000 and networth is $500,000. What is the required reserve ratio? .

1. someone deposits $50,000 in her checking account. Prior to her deposit Karen was the
only person in the US that held cash. All banks in the US are indentical and hold 2% of
their checking deposits as excess reserves. If the balance sheet shows assets, reserves
$1,500,000 loans $14,000,000 and liabilities checking deposit $15,000,000 and
networth is $500,000. What is the required reserve ratio?