If a Bank Has Required Reserves of $27,000,000,excess Reserves of $41,000,000,and

Multiple Choice

If a bank has required reserves of $27,000,000,excess reserves of $41,000,000,and deposits of $90,000,000 with a required reserve ratio of 30 percent,how much can the bank lend out?

A) $8,100,000
B) $27,000,000
C) $41,000,000
D) $90,000,000
E) $117,000,000