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.Assume that Bank West is operating with no excess reserves.What is its actual reserve ratio?

A) 2.5%
B) 2.4%
C) 5.7%
D) 6%
E) 10%