The reserve rate is what the bank keeps. This means it can loan out ( 100% -3%) = 97% of the deposit.
16,000 x 0.97 = $15,520 can be loaned out.
Step-by-step explanation:
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Total sets of 4-digits = 6
Total 4-digit numbers formed by one set of number = 4
So, total numbers that can be formed = 6 × 4 = 24
Answer:
The exchange rate for Dollars to Euros is of 1.33.
Step-by-step explanation:
This question is solved by proportions, using a rule of three.
Exchange rate for Dollars to Euros.
We want to find the number of dollars in a euro.
In 375 euros, there are 500 dollars, so how many dollars in 1 euro?
375 euros - 500 dollars
1 euro - x dollars
Applying cross multiplication:



The exchange rate for Dollars to Euros is of 1.33.