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Fiona deposit $2,000 into saving account. If the Fed requires a 20 percent reserve ratio, how much of Fiona’s money can the bank lend?
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Jun 8, 2021
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Fiona deposit $2,000 into saving account. If the Fed requires a 20 percent reserve ratio, how much of Fiona’s money can the bank lend?
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RyanJohnstone
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20% of 2000 =400
2000-400=1600
Fionas bank can lend $1600
Manikanta
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Jun 10, 2021
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Answer:
$ 1,600
Step-by-step explanation:
Trigoman
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Jun 14, 2021
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