The GS Bank has $25,000 in excess reserves and the desired reserve ratio is 7.77. The bank must have:

a)

$90,000 in demand deposit liabilities and $42,000 in actual cash reserves.

b)

$70,000 in demand deposit liabilities and $62,000 in actual cash reserves.

c)

$80,000 in demand deposit liabilities and $52,000 in actual cash reserves.

d)

$90,000 in demand deposit liabilities and $32,000 in actual cash reserves.

e)

None of the above