KLMudge12 KLMudge12

17-12-2018
Mathematics

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The second deposit that apex savings bank received was $12,700. If apex savings bank was required to keep $571.50 on reserve, what was the reserve rate at the time? How much was it free to loan out?

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mira2104 mira2104

17-12-2018

[tex]12700 \div 571.50 = 22.22[/tex]

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