Last Bank of Panorama Springs Assets: Liabilities: Reserves $25,000 Deposits $175,000 Loans $150,000 Refer to Table 10-2. If the reserve requirement is 12 percent, what is the state of this bank? Question 23 Answer a. It can make a new loan of $17,500. b. It has less reserves than required. c. It has excess reserves of less than $5000. d. It has excess reserves of more than $5000