Balance sheet of Bank National Assets Liabilities Vault Cash Deposit in Fed Loans Total Assets $1,500 $ 500 $4,000 $6,000 Deposits Total Liabilities $6,000 $6,000 If the Fed changed the reserve requirement from 10% to 5% - the bank's Excess Reserves (ER) would:
a. Increase by $300
b. Increase by $1,700
c. Decrease by $1,400
d. Increase by $2,000
e. Increase by $5,700