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bogdanovich
[222]
3 years ago
6
If the reserve rate is 7% and a bank receives a deposit of $9000, how much of the $9000 is the bank free to lend?
Mathematics
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1
answer:
dalvyx
[7]
3 years ago
4
0
Reserve amount
9,000×0.07=630
Loan out
9000-630=8370
Send
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