If Thrifty Bank receives a $10 000 deposit and keeps 10 per cent of its deposits in reserve,how much will the bank loan out?
A) $10 000
B) $1000
C) $9000
D) $11 000

Name: If Thrifty Bank receives a $10 000 deposit and keeps 10 per cent of its deposits in reserve,how much will the bank loan out? A) $10 000 B) $1000 C) $9000 D) $11 000
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Question

Quizplus · Accepted Answer

If Thrifty Bank keeps 10% of its deposits in reserve, then it will keep $1000 (10% of $10,000) and loan out the remaining $9000. Therefore, the answer is C.

If Thrifty Bank Receives a $10 000 Deposit and Keeps