Suppose the National Bank of Commerce has excess reserves of $8,000 and outstanding checking deposits of $200,000. If the required reserve ratio is

Suppose the National Bank of Commerce has excess reserves of $8,000 and outstanding checking deposits of $200,000. If the required reserve ratio is 20%, what is the size of the bank's actual reserves?

A) None of the other options.

B) $48,000

C) $280,000

D) $40,000

E) $32,000