monic98
monic98 monic98
  • 27-12-2016
  • Mathematics
contestada

if the reserve rate is 9% and a bank recieves a deposit of 8,000 how much of the 8,000 is the bank free to lend

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GalaxyLeah
GalaxyLeah GalaxyLeah
  • 27-12-2016
I'd say at least 888.0 maybe
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diene
diene diene
  • 27-12-2016
The reserve rate is how much canNOT be lent out, so 100-9 = 91% is free to lend
$8,000 * 0.91 = $7,280 is free to lend
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