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27 March, 12:09

Fiona deposits $2,000 into a savings account. If the Fed requires a 20 percent reserve ratio, how much of Fiona's money can the bank lend? a) $400 b) $1,600 c) $2,000 d) $1,200

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  1. 27 March, 12:27
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    The answer is 400 or 1600
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