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A bank has$250 in checkingdeposits, $1,000 in savingsdeposits, $1,200 in timedeposits, $1,000 in loans tobusinesses, $400 in outstanding credit cardbalances, $800 in governmentsecurities, $25 in
A bank has$250 in checkingdeposits, $1,000 in savingsdeposits, $1,200 in timedeposits, $1,000 in loans tobusinesses, $400 in outstanding credit cardbalances, $800 in governmentsecurities, $25 in currency in itsvault, and$25 in deposits at the Fed.Thebank's reserves are equal to
A.
$25.
B.
$2,225
C.
$350.
D.
$275.
E.
$50.
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