julgonzalez96 julgonzalez96
  • 10-02-2017
  • 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 :

dbruce0407 dbruce0407
  • 10-02-2017
.07 x $9,000= $630
$9,000-$630= $8,370 that the bank can lend
Hope this helps
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