If a Bank Has a Required Reserve Ratio of 30

Multiple Choice

If a bank has a required reserve ratio of 30 percent,excess reserves of $45,000,000,and deposits of $100,000,000,how much can the bank lend out?

A) $13,500,000
B) $30,000,000
C) $43,500,000
D) $45,000,000
E) $145,000,000