Refer to the information provided in Table 10.2 below to answer the questions that follow. First commercial bank
Assets liabilities + Net Worth
Reserves: $2 million $4million Deposit Required excess $800,000 $500,000 Net Worth
Excess -
Total $45 milion $4,5 million total
Refer to Table 10.2. First Commercial Bank's excess reserves equal \$ ____
A) 4,500,000 B) 1,200,000 C) 2,000,000 D) 2,800,000