mmmingllling
mmmingllling mmmingllling
  • 09-07-2019
  • Business
contestada

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?

Respuesta :

izax50 izax50
  • 09-07-2019

Answer:

Explanation:

The amount the the fed require =  

20/100 x 2,000 = 400

The amount of money that Fiona's bank can lend is : $ 2,000 - $ 400

= $ 1,600

hopefully this helps you

Answer Link

Otras preguntas

Which statement best completes the diagram? Cause Effect ? Women take on more public roles in the late 1700s and early 1800s. A. Women win the right to vote for
How many chlorine atoms are there in the molecule NiCl2
Wyatt has heart problems
budget. Which role does the president play concerning the budget?
Please help I have a pic provided
PLEASE HELP ASAP! Hale: “Excellency, it is a natural lie to tell; I beg you, stop now before another is condemned! I may shut my conscience to it no more-privat
I WILL GIVE YOU BRAINLY PLSS What is the solution for: -3 - 1 - 6 B. 6 PLSS SHOW YOUR WORK PLSS
The OutsidersCompare and contrast Johnny's death scene in the novel and movie.​
Someone please help me with this I really don’t know how to do this.
Identify one change you see from the previous map