The Table Below Shows the Balance Sheet of Eubank A)5 Percent
B)4 Percent
C)10 Percent
D)20 Percent
E)2 Percent

Multiple Choice

The table below shows the balance sheet of Eubank.If Eubank is holding no excess reserves,its required reserve must be:
?Table 14.1
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EUBANK
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$$\begin{array} { | l | r | r | r | } \hline \text { Assets } & { \text { Liabilities and Net Worth } } & \\\hline & & & \\\hline \text { Deposits at the Fed } & \$ 40,000 & \text { Checkable deposits } & \$ 500,000 \\\hline \text { Cash } & \$ 10,000 & \text { Net Worth } & \$ 20,000 \\\hline \text { Loans } & \$ 300,000 & & \\\hline \text { Securities } & \$ 150,000 & & \\\hline \text { Fed Stock } & \$ 20,000 & & \\\hline\end{array}$$

A) 5 percent
B) 4 percent
C) 10 percent
D) 20 percent
E) 2 percent