Bank West's Balance Sheet

Bank West's Balance Sheet
Assets Liabilities
Cash $500 Deposits $20 000
Deposits at Bank of Canada $700 Capital $1 000
Loans and Mortgages $19 800 $21 000
$21 000
TABLE 26-3
-Refer to Table 26-3.What are the reserves held by Bank West?

A) $500
B) $700
C) $1200
D) $19 800
E) $21 000