Answer:
$817.5 million
Explanation:
Reserve value over the required reserves is known as the excess reserves. It is determined by deducting the required reserves from the current reserves balance.
Current Reserves = $900 million
Required Reserves = Deposits x required reserves ratio
Required Reserves = $750 million x 0.11 = $82.5 million
Excess reserves = Current Reserves - Required Reserves
Excess reserves = $900 million - $82.5 million = $817.5 million
