Fiona deposits $2,000 into a savings account. If the Fed requires a 20 percent reserve ratio, how much of Fiona’s money can the bank lend? a) $400 b) $1,600 c) $2,000 d) $1,200 - QAmmunity.org

Fiona deposits $2,000 into a savings account. If the Fed requires a 20 percent reserve ratio, how much of Fiona’s money can the bank lend? a) $400 b) $1,600 c) $2,000 d) $1,200

asked Sep 28, 2018 115k views

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