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If the reserve rate is 6% and a bank receives a deposit of $14,000, how much of the $14,000 is the bank free to loan out?

If the reserve rate is 6% and a bank receives a deposit of $14,000, how much of the $14,000 is the bank free to loan out?
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If the reserve rate is 6% and a bank receives a deposit of $14,000, how much of the $14,000 is the bank free to loan out?

User Lifebalance
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1 Answer

2 votes

Apex said $13160 was the right answer

User Pvrforpranavvr
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