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14 April, 02:10

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. 14 April, 02:14
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    I'd say at least 888.0 maybe
  2. 14 April, 02:16
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    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
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