Economic-math calculation question-thank you....?

Question

Bank A holds $1 million in required reserves and the required reserve ratio is 10 percent. It follows that Bank A holds checkable deposit liabilities that total

$1 million.

$10 million.

$20 million.

$100,000 million.

Answer 1

b) $10 million.

=$1/10%= $1/0.1=$10