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Suppose a commercial bank has checkable deposit of $100,00 and the legal reserve ratio is 20 percent. If the bank's required and excess reserves are equal, then its actual reserves: _______ A. are $30,
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Suppose a commercial bank has checkable deposit of $100,00 and the legal reserve ratio is 20 percent. If the bank's required and excess reserves are equal, then its actual reserves: _______

A. are $30,000
B. are $40.000.
C. are $20,000.
D. none of the above

User Lene
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17 votes

Answer:

C

Step-by-step explanation:

User Danny Fenstermaker
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