Consider a central bank policy to maintain 8% reserves on deposits held by commercial banks. A bank, ALFA, currently has $10 million in deposits and holds $850,000 in reserves at the central bank. What is the excess reserve ratio? What will be the requirements if the bank is to add $1,000,000 additional deposits? A) Excess Reserve Ratio 0% and $30,000 additional reserve requirement B) Excess Reserve Ratio 0.5% and $30,000 additional reserve requirement C) Excess Reserve Ratio 0.5% and no additional reserve requirement D) Excess Reserve Ratio 0% and no additional reserve requirement