monic98 monic98

27-12-2016
Mathematics

contestada

if the reserve rate is 9% and a bank recieves a deposit of 8,000 how much of the 8,000 is the bank free to lend

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GalaxyLeah GalaxyLeah

27-12-2016

I'd say at least 888.0 maybe

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27-12-2016

The reserve rate is how much canNOT be lent out, so 100-9 = 91% is free to lend
$8,000 * 0.91 = $7,280 is free to lend

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