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sukhopar [10]
2 years ago
12

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?
Business
1 answer:
puteri [66]2 years ago
4 0

Answer:

Explanation:

The amount the the fed require =  

20/100 x 2,000 = 400

The amount of money that Fiona's bank can lend is : $ 2,000 - $ 400

= $ 1,600

hopefully this helps you

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