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If the reserve rate is 9% in the bank receives a deposit of $8000 how much of the $8000 is the banks free drinks lend?

If the reserve rate is 9% in the bank receives a deposit of $8000 how much of the $8000 is the banks free drinks lend?
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If the reserve rate is 9% in the bank receives a deposit of $8000 how much of the $8000 is the banks free drinks lend?

User Sarneet Kaur
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1 Answer

2 votes
8000*0.09=720 reserve
8000-720=7,280 to lend
User LetsPlayYahtzee
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