If a bank holds $2000 in demand deposits and the required reserve ratio is 0.15,how much can the bank lend out?

Name: If a bank holds $2000 in demand deposits and the required reserve ratio is 0.15,how much can the bank lend out?
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The required reserve ratio is 0.15, which means the bank must hold 15% of its demand deposits as reserves. Therefore, the bank can lend out 85% of the demand deposits. 85% of $2,000 is $1,700.

If a Bank Holds $2000 in Demand Deposits and the Required