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The Following Is the Balance Sheet of the Leafs Bank

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The following is the balance sheet of the Leafs Bank
The following is the balance sheet of the Leafs Bank    -Refer to the information above to answer this question.Assume the target reserve ratio is 8 percent.If the bank lends out its excess reserves,and a cheque clears against the bank for this amount,what will be the amount of the bank's excess reserves? A) $0. B) $4,800. C) $24,000. D) $19,200. E) $7,000.
-Refer to the information above to answer this question.Assume the target reserve ratio is 8 percent.If the bank lends out its excess reserves,and a cheque clears against the bank for this amount,what will be the amount of the bank's excess reserves?


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