If a bank has reserves of $150 million and demand deposits of $1.2 billion,how much are the bank's (a)required reserves and (b)excess reserves?

Name: If a bank has reserves of $150 million and demand deposits of $1.2 billion,how much are the bank's (a)required reserves and (b)excess reserves?
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The Answer of If a bank has reserves of $150 million and demand deposits of $1.2 billion,how much are the bank's (a)required reserves and (b)excess reserves?

If a Bank Has Reserves of $150 Million and Demand