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You decide to take $400 out of your piggy bank at home and place it in the bank. If the reserve requirement is 5 percent, how much can your $400 increase the amount of money in …

You decide to take $400 out of your piggy bank at home and place it in the bank. If the reserve requirement is 5 percent, how much can your $400 increase the amount of money in …
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1 vote
You decide to take $400 out of your piggy bank at home and place it in the bank. If the reserve requirement is 5 percent, how much can your $400 increase the amount of money in the economy?

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User MrBlue
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8.3k points

1 Answer

6 votes
you need $8.000 in the bank to reserve it
answered
User Tzipporah
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7.6k points
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