Question

Assistance please

Answer 1

If a bank has deposits worth $800,000, total reserves worth $900,000, and the reserve ratio of 0.20, what is the value of excess reserves? Question 2 options:
1) $620,000
2) $1,000,000
3) $1,160,000
4) $740,000
5) $160,000

Answer 2

I think its number 4