The Commerce Bank of Beverly Hills Has Total Deposits of $1,000,000

Multiple Choice

The Commerce Bank of Beverly Hills has total deposits of $1,000,000 and total reserves of $220,000.The desired reserve ratio is 10 percent.The bank's excess reserves are

A) $22,000.
B) $120,000.
C) $100,000.
D) $80,000.
E) $1,000,000.