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Fiona deposits $2000 into a savings account. If the fed requires a 20 percent reserve ratio , how much of Fiona’s money can the bank lend ?

Fiona deposits $2000 into a savings account. If the fed requires a 20 percent reserve ratio , how much of Fiona’s money can the bank lend ?
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Fiona deposits $2000 into a savings account. If the fed requires a 20 percent reserve ratio , how much of Fiona’s money can the bank lend ?

User MrYoshiji
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1 Answer

5 votes
1600 because 20 percent of 2000 is 400. 2000-400=1600
User Ziezi
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