1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Evgesh-ka [11]
3 years ago
5

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?v
Mathematics
2 answers:
VMariaS [17]3 years ago
8 0

Answer:

The bank can  lend $1600 of Fiona´s money.

Step-by-step explanation:

Hi, to solve this problem you have to calculate the 20 percent of the money that Fiona deposits. This result is the reserve ratio.

The reserve ratio is the percentage of deposits which commercial banks are required to keep as cash rather than lend out or invest

Then, subtract the reserve ratio to the savings account of Fiona.

So:

$2000 x 0,2 = $400 (reserve ratio)

$2000 - $400 = $1600

The bank can  lend $1600 of Fiona´s money.

sesenic [268]3 years ago
6 0
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
You might be interested in
Two lines are represented by the equations -1/2y=6x+10 and y=mx for which value of m will the lines be parallel
hjlf

Answer:

-12

Step-by-step explanation:

So to start we need to know what makes a line parallel. In an equation we know that for lines to be parallel they must have the same slope(m).

Then, we  need to know the slope-intercept form of an equation. The slope intercept form is y=mx+b where m is the slope of the line and b is the y-intercept. In this problem where can see the second equation is already in this form.

Now that we know we need to find the slope, and we know that the second equation is in slope-intercept form we're going to convert the fist equation into the correct form.

To do this, we know we need to make sure y is the only thing on the left side of the equal sign. Currently, on the left side of the equal sign we have -\frac{1}{2} y so we have to divide both sides by -\frac{1}{2} to get y=-12x -20

Now that we have it converted to slope-intercept form, we are going to look for what represents the slope or m in the equation. In this case the slope would be -12, so any line with a slope of -12 will be parallel.

8 0
3 years ago
Jake went to a fair and spent $5 on admissions, $6.50 on games, and $7.21
asambeis [7]

Answer:

Jake has <em>$11.29 </em>dollars left.

Step-by-step explanation:

To find the answer, we will add up<em> $5 + $6.50 + $7.21</em> and we get<em> $18.71</em>.  Now <em>subtract $30 from 18.71</em>, which is <em>$11.29</em>.  Therefore, <em>Jake has $11.29 dollars left.</em>

8 0
3 years ago
A store is running a sale where all of the items are 35% off the normal price. The price of a video game you want to buy is norm
Alex73 [517]

Answer:

Discounted price= $40.28

Step-by-step explanation:

Giving the following information:

A store is running a sale where all of the items are 35% off the normal price. The price of a video game you want to buy is normally $61.97.

<u>To calculate the discounted selling price, we need to use the following formula:</u>

Discounted price= selling price*(1 - discount rate)

Discounted price= 61.97*(1 - 0.35)

Discounted price= $40.28

4 0
3 years ago
What is 38% of 250 pls explain
cestrela7 [59]
95
did u mean a whole number or in a percent ??
6 0
2 years ago
Read 2 more answers
Jose put$1500 into a savings account. He earns 3% interest every year. How much simple interest will he earn at the end of 3 yea
ehidna [41]

Answer

$3142

Step-by-step explanation:

8 0
3 years ago
Other questions:
  • Look at the number sentence below. -26 + 75 =
    7·1 answer
  • The variable Z is directly proportional to X. When X is 5, Z has the value 55.
    11·2 answers
  • A student collects 12 ladybugs for a science project. This is 9 fewer than the number of ladybugs the students collected yesterd
    7·2 answers
  • What is ask for 7 (m+5)=21
    6·2 answers
  • Is 18,000 g greater than less than or equal to 10 kg?
    9·1 answer
  • What is the product of 5−2i and 3−4i?<br> Enter your answer, in standard form, in the box
    13·1 answer
  • Isabella wants to put a fence around her pumpkin patch.
    8·1 answer
  • If cos∠B = sin∠A and m∠A = 32°, what is the measure of ∠B?
    12·2 answers
  • I need help and can you show me the work because I still don't get it.
    13·1 answer
  • Evaluate the expression for p = –1.<br><br> –50p2 − 10p + 28 =
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!