sabeneteoiTd
sabeneteoiTd sabeneteoiTd
  • 23-12-2016
  • Mathematics
contestada

If the reserve rate is 7% and a bank receives a deposit of $9000, how much of the $9000 is the bank free to lend?

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MissPhiladelphia
MissPhiladelphia MissPhiladelphia
  • 26-12-2016

7% Of 9000 is 630. Then subtract 630 from 9000. So your answer becomes 8370.

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LoganBS10
LoganBS10 LoganBS10
  • 22-09-2020

Answer:

8370

Step-by-step explanation:

Answer Link

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