Homework 11

c. $3.3 million. d. $300,000 6. Ninth National Bank holds $200 million in checkable deposits and $18,000,000 in total reserves. With a required reserve ratio of 8 percent, how much in excess reserves is Ninth National holding? a. $1,440,000 b. $218,000,000 18, 009 000 x0: 27. c. $17,440,000 d. $16,000,000 e. $2,000,000 7. Reserves held beyond the required amount are called reserves. a. redundant b. precautionary excess