If a Bank Has Required Reserves of $45,000,000,excess Reserves of $12,000,000,and

Multiple Choice

If a bank has required reserves of $45,000,000,excess reserves of $12,000,000,and deposits of $90,000,000 with a required reserve ratio of 50 percent,how much can the bank lend out?

A) $12,000,000
B) $45,000,000
C) $57,000,000
D) $102,000,000
E) $147,000,000