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ER says -15,0000 1. The 544 National Bank (544NB) recently discovered that it had Demand Deposits balances of (DD ) $1,000,000 and Excess Reserves of

ER says -15,0000

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1. The 544 National Bank (544NB) recently discovered that it had Demand Deposits balances of (DD ) $1,000,000 and Excess Reserves of (ER-) -$15,000. The required reserve ratio is (rr ) 10 percent. The 544NB has Toul Reserves of (TR-): B. $115,000 b. $100,000 C. $90,000 d. $85,000. e. Unavailable with the information provided

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