cmaidlow cmaidlow
  • 24-11-2017
  • Mathematics
contestada

If the reserve rate is 4% and a bank, receives a deposit of $12,000, how much of the $12,000 is the Bank free to loan out?

Respuesta :

musiclover10045
musiclover10045 musiclover10045
  • 24-11-2017

reserve rate is the amount the bank keeps, so they would loan out 96%

12000x 0.96 = $11,520 is free to laon out

Answer Link

Otras preguntas

What is moderate injuries?
John bought 7.5 peanut oil what is this amount as a mixed number
What is the result if you divide 18r4s5t6/-3r2st3
Which process is a physical change? iron rusting milk turning into curd water boiling paper burning hard water stains pipes?
Is 12/15 closer to 1?
Why were trenches formed in a zigzag pattern in world war 1?
your classmate often Scribbles on class walls and cut out his/her name on class furniture
What is the formula for ammonia?
What's .25 as a fraction in simplest form? A. 25⁄10 B. 1⁄4 C. 25⁄100 D. 1⁄5
What is the standard form of (1 7i)(3 − i)?(-10 − 10i)(-4 − 10i)(10 20i)(20 10i)