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?

Answer 1

Answer:

2000×20÷100=400

400+2000= answer

400+2000=2400

Answer 2

Answer:

$1,600

Explanation:

2,000 multiplied by .2 is 400

then you subtract 400 from 2,000

which is when you get 1,600

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