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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?

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?
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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?

asked
User Getsy
by
8.4k points

1 Answer

2 votes
Reserve amount
9,000×0.07=630
Loan out
9000-630=8370
answered
User Digitarald
by
9.2k points
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