There are zero excess reserves at all banks and the required reserve ratio is 20 percent.If a check for $100,000 on Bank ABC is deposited in Bank XYZ,then excess reserves at Bank ABC equal ________ and excess reserves at Bank XYZ equal ________.
A) -$20,000;+$80,000
B) -$100,000;+$80,000
C) -$80,000;+$100,000
D) -$80,000;+$80,000
Correct Answer:
Verified
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