Register

Fiona deposits $2000 into a savings account. If the fed requires a 20 percent reserve ratio , how much of Fiona’s money can the bank lend ?

Fiona deposits $2000 into a savings account. If the fed requires a 20 percent reserve ratio , how much of Fiona’s money can the bank lend ?
asked 110k views
2 votes
Fiona deposits $2000 into a savings account. If the fed requires a 20 percent reserve ratio , how much of Fiona’s money can the bank lend ?

asked
User MrYoshiji
by
8.8k points

1 Answer

5 votes
1600 because 20 percent of 2000 is 400. 2000-400=1600
answered
User Ziezi
by
7.9k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What goal of the constitution was also a goal of the Magna Carta?
is it true or false that after the american revolution conflicts in the northwest territory erupted between remaining british soldiers and native americans
Who made dutch claims in north america?
Link Copied!