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Fiona deposits $2000 into a savings account. if the FeD requires a 20% reserve ratio, how much money can the bank lend? a) $400 b) $1600 c) $2000 d) $1200
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Fiona deposits $2000 into a savings account. if the FeD requires a 20% reserve ratio, how much money can the bank lend?

a) $400
b) $1600
c) $2000
d) $1200

User Jfd
by
9.0k points

2 Answers

2 votes
You woulde have to subtract 2000 dollars from %20 that wouldve gave you 400$
User Karim Oukara
by
7.9k points
0 votes
The correct answer is b)1600
User Rmaddy
by
8.5k points
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