Ask your own question, for FREE!
Mathematics 23 Online
OpenStudy (anonymous):

A customer of Fair Bank deposits $100 into her checking account. Fair Bank loans 80% of the deposit and places the rest in its reserves at the St. Louis Fed. How much does Fair Bank have in excess reserves after the deposit and loan?

OpenStudy (anonymous):

divide 100 by 80%

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!