SOLUTION: if the reserve rate is 9%and a bank recieves a deposit of 8000 how much of the 8000 is the bank free to lend

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Question 668430: if the reserve rate is 9%and a bank recieves a deposit of 8000 how much of the 8000 is the bank free to lend
Found 2 solutions by stanbon, ewatrrr:
Answer by stanbon(75887)   (Show Source): You can put this solution on YOUR website!
if the reserve rate is 9%and a bank recieves a deposit of 8000 how much of the 8000 is the bank free to lend
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The bank can lend 91% of the money.
0.91*8000 = $7280
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Cheers,
Stan H.
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Answer by ewatrrr(24785)   (Show Source): You can put this solution on YOUR website!
 

Hi,

if the reserve rate is 9%and a bank recieves a deposit of 8000 how much of the 8000 is the bank free to lend

 

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