A Bank Has Deposits of $100,000,reserves of $20,000,and Loans of $80,000.If

question 178

Multiple Choice

A bank has deposits of $100,000,reserves of $20,000,and loans of $80,000.If the desired reserve ratio is 10 percent,then its excess reserves are

• A)0.
• B)$8,000.
• C)$10,000.
• D)$2,000.
• E)$12,000.

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