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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? A. $13,160 B. $840 C. $8400 D. $5600
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OpenStudy (dumbcow):
the reserve rate tells the bank how much must be kept in the bank so the other 94% can be loaned out 94% of 14,000 is ??
OpenStudy (anonymous):
13160
OpenStudy (dumbcow):
yep
OpenStudy (anonymous):
thanks
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