Answer the next question based on the following consolidated balance sheet for the commercial banking system. Assume the required reserve ratio is 30 percent. All figures are in millions of dollars.AssetsLiabilities & Net WorthReserves$200  Checkable Deposits$600Loans100  Stock Shares700Securities500 Property500?Refer to the above data. The excess reserves in this commercial banking system are:

A. $10 million.
B. $30 million.
C. $20 million.
D. $180 million.


Answer: C

Economics

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