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

C

Explanation:

i tried to get the answer but i could not find it

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.