In Macroland There Is $12,000,000 in Currency

Multiple Choice

In Macroland there is $12,000,000 in currency.The public holds half of the currency and banks hold the rest as reserves.If banks'desired reserve/deposit ratio is 12.5%, deposits in Macroland equal ______ and the money supply equals _______.

A) $48,000,000; $75,000,000
B) $54,000,000; $54,000,000
C) $48,000,000; $54,000,000
D) $96,000,000; $96,000,000