if the reserve rate is 10% and a bank receives a deposit of $320,000, how much of the $320,000 is the bank free to loan out?

asked Oct 22, 2018 112k views

2 votes

8.2k points

Please log in or register to add a comment.

2 votes

I think its 32,000,
320,000 - 10% = 288,000 - 320,000 = 32,000

Violin Yanev answered Oct 22, 2018

8.6k points

4 votes

288000 is the amount to loan out

Med answered Oct 28, 2018

by Med

7.8k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers