ab056422 ab056422

14-09-2019
Mathematics

contestada

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 sqdancefan

15-09-2019

Answer:

$300

Step-by-step explanation:

30% of $1000 is ...

0.30 × $1000 = $300

Answer Link

madison3395 madison3395

16-09-2019

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

Answer Link

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