A Bank Has $250 in Checking Deposits, $1,000 in Savings

Multiple Choice

A bank has $250 in checking deposits, $1,000 in savings deposits, $1,200 in time deposits, $1,000 in loans to businesses, $400 in outstanding credit card balances, $800 in government securities, $25 in currency in its vault, and $25 in deposits at the Fed.The bank's reserves are equal to

A) $2,225
B) $350.
C) $25.
D) $50.
E) $275.