Solved

A Bank Has 10,000 Depositors, Each of Whom Deposits $100

Question 32

Multiple Choice

A bank has 10,000 depositors, each of whom deposits $100 in the bank. If the bank makes 1000 loans for $1,000 each then each depositor has contributed:


A) $1 to each loan.
B) $100 to each loan.
C) $0.10 to each loan.
D) $10 to each loan.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents