Suppose a bank has $1,500,000 in deposits,a minimum reserve requirement of 20 percent,and total reserves of $350,000.Then the bank has excess reserves of:

Name: Suppose a bank has $1,500,000 in deposits,a minimum reserve requirement of 20 percent,and total reserves of $350,000.Then the bank has excess reserves of:
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The bank is required to hold 20% of $1,500,000 in deposits as reserves, which equals $300,000. Since it has $350,000 in total reserves, the excess reserves are $350,000 - $300,000 = $50,000.

Suppose a Bank Has $1,500,000 in Deposits,a Minimum Reserve Requirement