Register
If the reserve rate is 7% and a bank receives a deposit of $9000, how much of the $9000 is the bank free to lend?
216k views
0 votes
If the reserve rate is 7% and a bank receives a deposit of $9000, how much of the $9000 is the bank free to lend?

User Getsy
by
6.7k points

1 Answer

2 votes
Reserve amount
9,000×0.07=630
Loan out
9000-630=8370
User Digitarald
by
7.8k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.3m questions

9.8m answers

Other Questions

How do you estimate of 4 5/8 X 1/3
Write words to match the expression. 24- ( 6+3)
Please solve the following equation. x-6x=56
whats the most accurate estimation of 65+77
Find the additive inverse of 18/23
Link Copied!