If a bank had total deposits of $60 million and it faced a 11.5 percent reserve requirement, then this bank would be able to have a maximum amount of how many dollars worth of loans?

Group of answer choices

$6.9 million

$52.2 million

$53.7 million

$461.7 million

$53.1 million

Table 4

Tenth National Bank
Assets			Liabilities
Reserves	$25,000		Deposits	$100,000
Loans	$75,000

Refer to Table 4. If the Tenth National Bank is holding $5,500 in excess reserves, then the reserve requirement is

Group of answer choices

5.5 percent

10 percent

15 percent.

13 percent.

19.5 percent

Bank A holds $800 million in total deposits and $96 million in reserves.Assume that currently Bank Ahas $20 million inexcess reserves, then the required reserve ratio equals:

Group of answer choices

9.5%

12%

11%

13%

14%