Consider a bank with the following balance sheet. If the bank is holding $20,000 in excess reserves, what is the required reserve rate? ASSETS LIABILITIES Reserves 100,000 Deposits 1,000,000 Loans 500,000 Borrowing 0 Securities 500,000 Bank Capital 100,000 Group of answer choices 9% 8% 10% 11%

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Consider a bank with the following balance sheet.  If the bank is holding $20,000 in excess reserves, what is the required reserve rate?  ASSETS  LIABILITIES  Reserves 100,000 Deposits 1,000,000 Loans 500,000 Borrowing 0 Securities 500,000 Bank Capital 100,000 Group of answer choices  9%   8%   10%  11%

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