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If the reserve rate is 9% and a bank recieves a deposit of 8,000 how much of the 8,000 is the bank free to lend

If the reserve rate is 9% and a bank recieves a deposit of 8,000 how much of the 8,000 is the bank free to lend
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2 votes
if the reserve rate is 9% and a bank recieves a deposit of 8,000 how much of the 8,000 is the bank free to lend

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User OOM
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2 Answers

5 votes
I'd say at least 888.0 maybe
answered
User Walter
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8.0k points
5 votes
The reserve rate is how much canNOT be lent out, so 100-9 = 91% is free to lend
$8,000 * 0.91 = $7,280 is free to lend
answered
User Heikki Toivonen
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