If excess reserves are $30,000,demand deposits are $100,000,and the required reserve ratio is 15 percent,then total reserves are

Name: If excess reserves are $30,000,demand deposits are $100,000,and the required reserve ratio is 15 percent,then total reserves are
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Total reserves are the sum of required reserves and excess reserves. Required reserves are 15% of demand deposits, which is $15,000. Adding the excess reserves of $30,000 gives total reserves of $45,000.

If Excess Reserves Are $30,000,demand Deposits Are $100,000,and the Required