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QUESTION 5 1 points Save Answer The Bank of Iceni has an optimal reserve ratio of 10% and it currently has no excess reserves. A

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QUESTION 5 1 points Save Answer The Bank of Iceni has an optimal reserve ratio of 10% and it currently has no excess reserves. A new deposit sees an additional $40,000 deposited into the bank. If the bank takes no other action, it will be short $40,000 on its reserves. have $4,000 in excess reserves. have $36,000 in excess reserves. \" need to raise an additional $4,000 of reserves to meet its optimal reserve ratio

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