Answer:
Reserve rate = 9%
Step-by-step explanation:
Reserve ratio/rate is the percentage of deposits which commercial banks are required to keep as cash, as directed by the central banks.
first, let us calculate the reserve amount as follows:
Reserve = Deposit - (free amount to lend out)
Reserve = 28,000 - 25,480 = $2,520
Therefore the reserve rate = 9%
6/13 of choosing an even number and 1/13 for seven
there's only 6 even numbers and only one 7. out of 13
X by itself is 1, otherwise it is the number to the left