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Mathematics 9 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? A. $13,160 B. $840 C. $8400 D. $5600

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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