Ask Question
25 July, 04:39

If the reserve rate is 4% and a bank receives a deposit of $12,000, how much of the $12,000 is the bank free to loan out?

+1
Answers (1)
  1. 25 July, 06:02
    0
    4% of 12,000 would be 480$

    12,000 * 4% (0.04) = 480
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If the reserve rate is 4% and a bank receives a deposit of $12,000, how much of the $12,000 is the bank free to loan out? ...” in 📘 Mathematics 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