-The Table Above Shows the Balance Sheet for Ralph's Bank

$$\begin{array} { | l | l } \hline { \text { Assets } } & { \text { Liabilities } } \\\hline \text { Reserves } & \\\$ 500 & \text { Deposits } \\\text { Loans } & \$ 3,000 \\\underline{\$ 2,500} & \\\text { Total assets } & \text { Total } \\\$ 1,000 & \$ 3,000 \\\hline\end{array}$$
-The table above shows the balance sheet for Ralph's Bank.If the desired reserve ratio is 15 percent,Ralph's Bank has excess reserves of ________.

A) $50
B) $500
C) $3,000
D) $2,500

Correct Answer:

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