The banks on Sunny Island have deposits of $4 million, reserves of $600,000, and loans of $2.4 million. The desired reserve ratio is 10 percent. The banks have of excess reserves. of desired reserves and A. $400,000; $200,000 B. $400,000; $600,000 c. $200,000; $600,000 D. $600,000; $200,000 E. $200,000; $400,000