Refer to the Information Provided in Table 10

Multiple Choice

Refer to the information provided in Table 10.4 below to answer the questions that follow.
Table 10.4
-Refer to Table 10.4. If the required reserve ratio is 15%, First Charter Bank

A) is loaned up.
B) has too few reserves on hand.
C) is meeting its required reserve ratio and has $200,000 in excess reserves.
D) has excess reserves of $100,000.