Ask Question
28 August, 18:14

Fiona deposits $2000 into a savings account. If the fed requires a 20 percent reserve ratio, how much of Fiona's money can the bank lend?

+4
Answers (1)
  1. 28 August, 21:47
    0
    1600 because 20 percent of 2000 is 400. 2000-400=1600
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Fiona deposits $2000 into a savings account. If the fed requires a 20 percent reserve ratio, how much of Fiona's money can the bank lend? ...” in 📘 History if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers