Ask Question
28 April, 19:32

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 April, 19:36
    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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers