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3 years ago

9

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?
a.)$400
b.)$1,600
c.)$2,000
d.)$1,200

1 answer:

Scrat [10]3 years ago

6 0

the answer is B.)$1,600

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