Use the Balance Sheet for the Following Questions

Multiple Choice

Use the balance sheet for the following questions.
Table 29-2

-Refer to Table 29-2.If someone deposits $400 into the First Bank of Mason City,

A) the bank will be able to make additional loans totaling $320.
B) excess reserves initially increase by $320.
C) required reserves initially increase by $80.
D) All of the above are correct.