03-04-2017
Mathematics

contestada

If the reserve rate is 7% and a bank receives a deposit of $9000, how much of the $9000 is the bank free to lend?

Respuesta :

Aliwohaish12 Aliwohaish12

03-04-2017

Reserve amount
9,000×0.07=630
Loan out
9000-630=8370

Answer Link

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