Assume excess reserves = R2 million; the excess ratio : required reserves = 2:1; Calculate the total reserves; reserve requirement, and total deposits. A) R1mil, 10%, R10mil B) R1mil, 10%, R5mil C) R3mil, 5%, R20mil D) R3mil, 5%, R10mil

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Assume excess reserves = R2 million; the excess ratio : required reserves = 2:1; Calculate the total reserves; reserve requirement, and total deposits.

A) R1mil, 10%, R10mil

B) R1mil, 10%, R5mil

C) R3mil, 5%, R20mil

D) R3mil, 5%, R10mil

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