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Mathematics 17 Online
OpenStudy (anonymous):

If the reserve rate is 6% and a bank receives a deposit of $14,000, how much of the $14,000 is the bank free to loan out?

OpenStudy (anonymous):

6% or .06 of the 14,000 must be kept on reserve so 840 must be reserved so the bank can loan 14,000-840=13,160

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