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If there is a 30% reserve requirement on a $1,000 deposit, how much must be set aside as a member bank reserve?

Respuesta :

sqdancefan

Answer:

  $300

Step-by-step explanation:

30% of $1000 is ...

  0.30 × $1000 = $300

madison3395

Answer:

$300

Step-by-step explanation:

If there is a 30% reserve requirement on a $1,000 deposit, there must be $300 set aside as a member bank reserve.

30% of $1000 = $300

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