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terekm terekm
  • 09-02-2017
  • Mathematics
Answered

if the reserve rate is 10% and a bank receives a deposit of $320,000, how much of the $320,000 is the bank free to loan out?

Verified Answer :

Anonymous Anonymous
  • 09-02-2017

I think its 32,000,
320,000 - 10% = 288,000 - 320,000 = 32,000

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Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 09-02-2017

288000 is the amount to loan out

Answer Link

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