Assume that a bank has a total deposit of $55,000 and the reserve ratio is 20%. What are the amounts of money that the bank will keep for itself and it will give out as loans?

A. The bank's fractional reserve is equal to $11,000, and the excess reserve is equal to $44,000.

B. The bank's fractional reserve is equal to $11,000, and the excess reserve is equal to $55,000.

C. The bank's fractional reserve is equal to $44,000, and the excess reserve is equal to $11,000.

D. The bank's fractional reserve is equal to $55,000, and the excess reserve is equal to $66,000.

E. The bank's fractional reserve is equal to $55,000, and the excess reserve is equal to $44,000.