17) Suppose that from a new checkable deposit, First National Bank holds eight million dollars on deposit with the Federal Reserve, one million dollars in required reserves, and faces a required reserve ratio of ten percent. Given this information, we can say First National Bank has million dollars in excess reserves. A) two vault cash + deposit # CB = Resen B) eight C) nine D) ten Answer: C Reserves Total | Reqnived] + Excess MIM IM A tende