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3 years ago

14

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? a) $400 b) $1,600 c) $2,000 d) $1,200

2 answers:

KiRa [710]3 years ago

5 0

The answer is 400 or 1600

son4ous [18]3 years ago

4 0

Answer: B: $1,600

Step-by-step explanation:

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