Answer:
Step-by-step explanation:
Answer:
4/5 of 3 = 12/5
2/9 of 20 = 40/9
Step-by-step explanation:
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%
Answer: search; d e s m o s.com
Step-by-step explanation: Use this site to graph the points! :)