Ask Question
13 October, 23:23

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

+4
Answers (1)
  1. 14 October, 02:43
    0
    The answer is 400 or 1600
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “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? ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers