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WINSTONCH [101]
3 years ago
13

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
1 answer:
gavmur [86]3 years ago
8 0
.07 x $9,000= $630
$9,000-$630= $8,370 that the bank can lend
Hope this helps
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