15.Refer to the balance sheet above. With a reserve requirement of 20 percent th

15.Refer to the balance sheet above. With a reserve requirement of 20 percent the bank has excess reserves ofA)$5000.B)$3000.C)$2000.D)$1000.E)$0.16.Refer to the balance sheet above. Assume a reserve requirement of 10 percent. The maximum amount of new loans the bank could extend isA)$500.B)$1000.C)$2000.D)$3000.E)$4000.17.Refer to the balance sheet above. If the reserve requirement is 12 percent and the bank receives a new deposit of $10000 then required reserves will increase byA)$3600.B)$2400.C)$2600.D)$2800.E)$1200.18.Refer to the balance sheet above. If excess reserves equal $2000 what must the reserve requirement be equal to?A)3 percentB)10 percentC)15 percentD)20 percentE)25 percent