Exhibit 15-2 Balance Sheet of Springfield National Bank

Exhibit 15-2 Balance Sheet of Springfield National Bank  
In Exhibit 15-2, if Springfield National finds that it has excess reserves of $300, then the required reserve ratio must be:

A) 30 percent.
B) 0.30 percent.
C) 0.80 percent.
D) 0.20 percent.
E) 20 percent.