suppose the first national bank acquires $500,000 in new deposits and the required reserve ratio is 12 percent. which of the following is true? a. excess reserves on the new deposits are $500,000. b. required reserves on the new deposits are $12,000. c. required reserves on the new deposits are $60,000. d. excess reserves on the new deposits are $12,000. e. total reserves on the new deposits are $440,000.