Respuesta :
If the required reserve ratio is 20 percent and a customer deposited 5,000 in the bank how much is available to the bank for lending?ANSWER : $4,000
-Gradpoint
Answer:
The available balance in the bank for lending is 4000.
Step-by-step explanation:
It is given that the required reserve ratio is 20 percent and a customer deposited 5,000.
It means the 20% of 5000 must be save as required reserve ratio and the remaining part is the available balance in the bank for lending.
[tex]5000\times \frac{20}{100}=1000[/tex]
It means the reserved amount is 1000. The available balance in the bank for lending is
[tex]5000-1000=4000[/tex]
Therefore the available balance in the bank for lending is 4000.
