In the Nation of Wiknam, the Money Supply Is $80,000

Multiple Choice

In the nation of Wiknam, the money supply is $80,000 and reserves are $19,000. Assuming that people hold only deposits and no currency, and that banks hold no excess reserves, then the reserve requirement is

A) 25.7 percent.
B) 23.8 percent.
C) 22.7 percent.
D) 26.5 percent.