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Question 4 (Worth 2 points) (04.04 MC) Assume that a bank has a total deposit of $55,000 and the reserve ratio is 20%. What are the amounts of money that the bank will keep for itself and it will give out as loans? ® The bank's fractional reserve is equal to $11,000, and the excess reserve is equal to $44,000. O The bank's fractional reserve is equal to $11,000, and the excess reserve is equal to $55,000. O The bank's fractional reserve is equal to $44,000, and the excess reserve is equal to $11,000. O The bank's fractional reserve is equal to $55,000, and the excess reserve is equal to $66,000. O The bank's fractional reserve is equal to $55,000, and the excess reserve is equal to $44,000. Points earned on this question: 2