If the reserve requirement is 20%, and total deposits are $1,500,000.00, how much must a bank maintain in
1 answer:
You might be interested in
The complete question in the figure attached
1) calculate the area <span>all four sides
A=[12+9+12+9]*8=336 ft</span>²
if 1 gallons---------------------------- > covers 350 ft²
X------------------------------------ > 336 ft²
X=336/350=0.96 gallons
but remember
<span>that there are two coats of paint
</span>therefore
0.96*2----------- > 1.92------- > 2 gallons
the answer is 2 gallons
1) calculate the area <span>all four sides
A=[12+9+12+9]*8=336 ft</span>²
if 1 gallons---------------------------- > covers 350 ft²
X------------------------------------ > 336 ft²
X=336/350=0.96 gallons
but remember
<span>that there are two coats of paint
</span>therefore
0.96*2----------- > 1.92------- > 2 gallons
the answer is 2 gallons