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jv910699
16.07.2019 •
Mathematics
Fiona deposits $2,000 into a savings account. if the fed requires a 20 percent reserve ratio, how much of fiona’s money can the bank lend? v
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Ответ:
The bank can lend $1600 of Fiona´s money.
Step-by-step explanation:
Hi, to solve this problem you have to calculate the 20 percent of the money that Fiona deposits. This result is the reserve ratio.
The reserve ratio is the percentage of deposits which commercial banks are required to keep as cash rather than lend out or invest
Then, subtract the reserve ratio to the savings account of Fiona.
So:
$2000 x 0,2 = $400 (reserve ratio)
$2000 - $400 = $1600
The bank can lend $1600 of Fiona´s money.
Ответ:
Step-by-step explanation: me a