$\text { University National Bank Balance Sheet Assets}\quad \text { Liabilities }$

Multiple Choice

$\text { University National Bank Balance Sheet Assets}\quad \text { Liabilities }$
$\begin{array}{|lc|lc|}\hline \text { Reserves } \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad \quad & \$ 320 &\text { Deposits }&\$440\\\text { Loans }&\$120\\\text { Total assets } & \$ 440&\text { Total liabilities }&\$440 \\\hline\end{array}$
-The above table has the balance of the University National Bank. All figures are in millions of dollars. The desired reserve ratio is 20 percent. What would be the total increase in loans at this bank if all excess reserves were loaned out?

A) $1,160 million
B) $600 million
C) $0
D) $232 million