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10 December, 16:26

If the reserve rate is 9% and a bank recieves a deposit of 8,000 how much of the 8,000 is the bank free to lend

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  1. 10 December, 17:21
    0
    The reserve rate is how much canNOT be lent out, so 100-9 = 91% is free to lend

    $8,000 * 0.91 = $7,280 is free to lend
  2. 10 December, 19:37
    0
    I'd say at least 888.0 maybe
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