jjfl9eesotnourtleA jjfl9eesotnourtleA
  • 01-11-2016
  • Social Studies
contestada

Fiona deposits $2,000 into a savings account. if the fed requires a 20 percent reserve ratio, how much of fiona’s money can the bank lend?

Respuesta :

andriansp andriansp
  • 04-11-2016
The amount the the fed require = 

20/100 x 2,000 = 400

The amount of money that Fiona's bank can lend is : $ 2,000 - $ 400
= $ 1,600

Hope this helps
Answer Link
WageWolf
WageWolf WageWolf
  • 12-11-2018

$1,600, since 20% must remain in the account.

Answer Link

Otras preguntas

What is the value of 3 in 63.856
what is 1 20/32 as a decimal and percent?
For the fair the organizers ordered 32 rolls of tickets each roll of tickets has 100 tickets how many tickets were ordered in all?
Why were Native Americans who practiced agriculture more likely than hunter-gatherers to establish permanent homes?
do you guys what's 5y/3=20
What is Circular Motion?
Simplify and show your work -8 + 4i / 4 - 4i
If a line has no y-intercept, what can you say about the line?
is 7 over 9 , 5 over 12, and 5 over 8 terminating or repeating decimals? and what are they in decimals? please explain..thx :)
give me a sentence with the words risk and wages