A Bank Has $132,000 in Excess Reserves and the Required

Multiple Choice

A bank has $132,000 in excess reserves and the required reserve ratio is 11 percent.This means the bank could have __________ in checkable deposit liabilities and __________ in (total) reserves.

A) $4,000,000; $590,000
B) $1,000,000; $110,000
C) $5,000,000; $5,869,000
D) $4,700,000; $869,000