476185csar
476185csar 476185csar
  • 21-02-2017
  • Mathematics
contestada

Fiona deposits $2,000 into a savings account. If the Fed requires a 20 percent reserve ratio, how much of Fiona’s money can the bank lend? a) $400  b) $1,600 c) $2,000 d) $1,200

Respuesta :

tdufour
tdufour tdufour
  • 21-02-2017
the answer is 400 or 1600 
Answer Link
perezammp perezammp
  • 22-01-2019

Answer: B: $1,600

Step-by-step explanation:


Answer Link

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