3 years ago

if the reserve rate is 10% and a bank receives a deposit of $320,000, how much of the $320,000 is the bank free to loan out?

2 answers:

7 0

I think its 32,000,
320,000 - 10% = 288,000 - 320,000 = 32,000

5 0

288000 is the amount to loan out

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Shtirlitz [24]

Answer:

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Remember that in general

$\ln(a) - \ln(b) = \ln(a/b)$

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Jlenok [28]

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Gennadij [26K]

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3 years ago