(04.04 MC) Use the data table to answer the following questi…
(04.04 MC) Use the data table to answer the following question. Assets (billion $) Liabilities (billion $) Total reserves 3,000 Deposits 18,000 Loan 15,000 Total 18,000 Total 18,000 Assume the required reserve ratio to be 10%. Is the bank holding any excess reserve? If so, then what is the magnitude of the excess reserve?