If the reserve rate is 10% and a bank receives a deposit of 320000, how much of 320000 is the bank free to loan out

Question

If the reserve rate is 10% and a bank receives a deposit of 320000, how much of 320000 is the bank free to loan out

0

Answers ( No )

    0
    2021-10-14T21:58:32+00:00

    90% * 320000 = 288000 is available for loan

Leave an answer

Browse
Browse