The Figures in the Table Below Are for a Single

Multiple Choice

The figures in the table below are for a single commercial bank. All figures are in thousands of dollars. Refer to the data given above. If the reserve ratio is 10 percent and a check for $10,000 is drawn and cleared in favor of another bank, then the bank above will end up with excess reserves of:

A) $8,000
B) $12,000
C) $13,000
D) $18,000