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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 Ekhaled
by
8.6k points

1 Answer

5 votes

Answer:

$300

Explanation:

$1000 × 30% = $300

answered
User Mpratt
by
8.0k points
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