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Christianj420 Christianj420
  • 17-01-2017
  • Mathematics
Answered

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?

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Dynonisius
Dynonisius Dynonisius
  • 17-01-2017

1800 dollar without the money creation multiplications

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ddamon2012 ddamon2012
  • 17-01-2017

1600 because the 20 percent keeps the bank from loaning the rest

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