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:A cheque drawn by a bank official on the bank’s…XYZ Ltd's total sales was #100,000. It had opening…A bank statement shows an overdraft of GH¢ 190,000.…Write short notes on the following: (i) Central bank…Yahya's bank account shows a credit balance of N1…