A bank has checkable deposits of $200, loans of $120 and reserves of $80. The required reserve ratio is 5%. Then this bank currently has excess…

A bank has checkable deposits of $200, loans of $120 and reserves of $80. The required reserve ratio is 5%. Then this bank currently has excess reserves of ____. Next, an individual opens a new deposit account and deposits $300. After the new deposit, but before the bank transforms any excess reserves, the bank has excess reserves of ____.Answer