If the required reserves of a bank is 20% and N10 000 is paid into its demand deposit account; what is the excess reserves? by Sunday | Oct 24 | Economics JAMB | 0 comments A. N2000 B. N18 000 C. N12 000 D. N8 000 Correct Answer: Option D = N8 000 Users Also Read These:Abdul is faced with a choice between buying a new…A bank statement shows an overdraft of GH¢ 190,000.…Opening creditors was N65,000, closing creditors was…If a government which owned a company N10,000 in…A reinsurance cover of N100,000 in excess of N20,000…