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:Opening creditors was N65,000, closing creditors was…Jeng Limited disposed of a fixed asset in 1999 for…Abdul is faced with a choice between buying a new…A cheque drawn by a bank official on the bank’s…A limited company has an authorized capital of…