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8. 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?

8. 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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1 vote
8. 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 Alexander Mokin
by
7.6k points

1 Answer

6 votes

Answer:

32,000

Explanation:

10% of 320,000 is 32,000

User Aufheben
by
9.1k points
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