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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?

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?
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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?

User Tom Hanley
by
8.0k points

1 Answer

4 votes
Reserve
320,000×0.10
=32,000

Loan out
320,000−32,000
=288,000. ...answer
User Helpdesk
by
7.8k points
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