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If there is a 30% reserve requirement on a $1,000 deposit, how much must be set aside as a member bank reserve? Question 9 options: $300 $3 $33 $30

If there is a 30% reserve requirement on a $1,000 deposit, how much must be set aside as a member bank reserve? Question 9 options: $300 $3 $33 $30
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If there is a 30% reserve requirement on a $1,000 deposit, how much must be set aside as a member bank reserve?

Question 9 options:

$300


$3


$33


$30

asked
User Mateus Luiz
by
8.3k points

1 Answer

5 votes

Answer:

$300

Step-by-step explanation:

The 30% of the $1000 deposit is $300.

answered
User Vogella
by
8.3k points
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