asked 94.4k views
5 votes
solitary savings bank recieved an initial deposit of 2000$ it kept a percentage of this money in reserve based on the reserve rate and loaned out the rest. the amount it loaned out was eventually all deposited back into the bank if this cycle continued indefinitely and eventually the 2000$ turned into 40,000$ what was the reserve rate

1 Answer

6 votes
the answer is 2000 i think.
answered
User Lakmal Fernando
by
8.6k points
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