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1 March, 02:58

Fiona deposits $2000 into a savings account. if the FeD requires a 20% reserve ratio, how much money can the bank lend?

a) $400

b) $1600

c) $2000

d) $1200

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Answers (2)
  1. 1 March, 04:33
    0
    The correct answer is b) 1600
  2. 1 March, 04:40
    0
    You woulde have to subtract 2000 dollars from %20 that wouldve gave you 400$
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