Suppose that Chase Manhattan Bank has $100 million in actual reserves, $50 million in checking deposits, and the required reserve ratio is 20 percent. The bank's excess reserves equal
A) $60 million
B) $70 million
C) $80 million
D) $90 million

Question

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The Answer of Suppose that Chase Manhattan Bank has $100 million in actual reserves, $50 million in checking deposits, and the required reserve ratio is 20 percent. The bank's excess reserves equal
A) $60 million
B) $70 million
C) $80 million
D) $90 million

Suppose That Chase Manhattan Bank Has $100 Million in Actual