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If the reserve rate is 7% and a bank receives a deposit of $900 how much of the $9000 is the bank free to lend

If the reserve rate is 7% and a bank receives a deposit of $900 how much of the $9000 is the bank free to lend
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If the reserve rate is 7% and a bank receives a deposit of $900 how much of the $9000 is the bank free to lend

User Iedmrc
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1 Answer

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.07 x $9,000= $630
$9,000-$630= $8,370 that the bank can lend
Hope this helps
User Sophie Alpert
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