$\text { Assets }\quad\quad\quad\quad\quad\quad\quad \text { Liabilities }$ -The Table Above Shows the Balance Sheet for Ralph?s Bank

Multiple Choice

$\text { Assets }\quad\quad\quad\quad\quad\quad\quad \text { Liabilities }$
$\begin{array}{|lc|lc|}\hline \text { Reserves } & \$ 500 &\text { Deposits }&\$5,000\\\text { Loans }&\$2,500\\\text { Total } & \$ 1,000&\text { Total }&\$3,000 \\\hline\end{array}$
-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) $2,500
B) $50
C) $3,000
D) $500