marshaehayes3840 marshaehayes3840

13-08-2021
Business

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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

Respuesta :

bennovik bennovik

13-08-2021

Answer:

C

Explanation:

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