Fractional reserve banking is the practice where a bank accepts deposits, makes loans or investments, but is required to hold reserves equal to only a fraction of its deposit liabilities.
4000*.05=200 so 200 is ur interest 4000+200=$4200
Answer:
This is an example of information communication
Explanation:
Is an extensional term for information technology, that stress the role of unified communications.
An installment loan has equal payment each month
an Installment loan is usually an amount of money which borrow that must be repaid in a specific interest rate over period of time. This type of loans DOES NOT have changing interest rates so the amount of payments are equal each time.
Bright futures funds three scholarships.
