You decide to take $400 out of your piggy bank at home and place it in the bank. If the reserve requirement is 5 percent, how much can your $400 increase the amount of money in the economy?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Apr 2, 2018 21.2k views

1 vote

You decide to take $400 out of your piggy bank at home and place it in the bank. If the reserve requirement is 5 percent, how much can your $400 increase the amount of money in the economy?

Mathematics
college

MrBlue asked

by MrBlue

8.3k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

6 votes

you need $8.000 in the bank to reserve it

Tzipporah answered Apr 8, 2018

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Related questions

Other Questions