Balance Sheet 15-A A Bank's Assets Consist of $500,000 in Total Reserves, $1,600,000

Balance Sheet 15-A
A bank's assets consist of $500,000 in total reserves, $1,600,000 in loans, and a building worth $1,200,000. Its liabilities and capital consist of $2,000,000 in demand deposits and $1,300,000 in capital.
-Refer to Balance Sheet 15-A.If the required reserve ratio is 25 percent, what is the level of the bank's excess reserves? How much could it loan out as a result?

A) zero; zero
B) $500,000; $500,000
C) $500,000; $2,000,000
D) $250,000; $1,000,000