Given the Following Information About Gotham Bank Gotham Bank Is Holding _______ in Excess Reserves

question 51

Multiple Choice

Given the following information about Gotham Bank: $\begin{array}{lr}\text { Bank Deposits } & \$ 50,000 \\\text { Loans } & 34,000 \\\text { Reserves } & 12,000 \\\text { Reserve Requirement } & 20 \text { percent }\end{array}$
Gotham Bank is holding _______ in excess reserves.

• A)$22,000
• B)$12,000
• C)$2,000
• D)-$2,000

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