MONAAE101 MONAAE101

05-07-2017
Mathematics

contestada

If the reserve rate is 10% and a bank receives a deposit of $320,000, how much of the $320,000 is the bank free to loan out?

Respuesta :

Aliwohaish12 Aliwohaish12

05-07-2017

Reserve
320,000×0.10
=32,000

Loan out
320,000−32,000
=288,000. ...answer

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