Mathematics, 09.05.2021 18:30 aletadaboss
The first deposit Bank received was $15,300. If the reserve rate at the time was 3.5%
Amount to keep on reserve was $535.50
Amount it was free to loan out $14,764.50
The second deposit that Bank received was $12,700. If Bank was required to keep $571.50 on reserve, what was the reserve rate at the time? How much was it free to loan out?
Answers: 1
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The first deposit Bank received was $15,300. If the reserve rate at the time was 3.5%
Amount to ke...
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