Answer:
check able deposits = $500
correct option is C. $500
Explanation:
given data
cash deposit = $100
reserve ratio = 20%
to find out
check able deposits
solution
we will apply here check able deposits formula that is express as
check able deposits = cash deposit + ( deposit cash - ( deposit cash × reserved ratio ) × ) ...........................1
put here value we get
check able deposits = $100 + ( $100 - ( $100 × 20% ) × )
check able deposits = $500
correct option is C. $500