The Westland Bank has £100,000 in actual liquid assets and its required liquid assets are £80,000. Westland Bank, therefore, has excess reserves of £20,000.

Name: The Westland Bank has £100,000 in actual liquid assets and its required liquid assets are £80,000. Westland Bank, therefore, has excess reserves of £20,000.
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Westland Bank's excess reserves are calculated by subtracting the required liquid assets (£80,000) from the actual liquid assets (£100,000), which equals £20,000.

The Westland Bank Has £100,000 in Actual Liquid Assets and Its