ismerai1414 ismerai1414

20-06-2018
Mathematics

contestada

If the reserve rate is 7% and a bank receives a deposit of $900 how much of the $9000 is the bank free to lend

Respuesta :

20-06-2018

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

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