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LuckyWell [14K]
3 years ago
9

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?
Mathematics
2 answers:
Luba_88 [7]3 years ago
8 0
1600 because the 20 percent keeps the bank from loaning the rest
loris [4]3 years ago
7 0
1800 dollar without the money creation multiplications
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