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24-05-2019
Mathematics

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If the reserve rate is 4% and the bank receives a deposit of 12000 how much of the 12000 is the bank free to Loan

Respuesta :

25-05-2019

Answer:

11,520

Step-by-step explanation:

The reserve rate simply refers to the amount the bank sets aside as reserves. In this case, the bank sets aside 4% of deposits made by its customers implying the bank would loan out 96% of all deposits made; so we have

12000x 0.96 = 11,520 is free to loan out

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