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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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1 vote
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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User Ehsan Kia
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7.9k points

1 Answer

1 vote

7% Of 9000 is 630. Then subtract 630 from 9000. So your answer becomes 8370.

answered
User Llimllib
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8.2k points
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