Table 13.2ABC Bank Balance SheetAssetsLiabilitiesTotal reserves$80,000Transactions accounts$200,000Loans120,000??Refer to Table 13.2. With a required reserve ratio of 10 percent, ABC Bank would have excess reserves of
A. $40,000.
B. $60,000.
C. $140,000.
D. $20,000.
Answer: B
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