If the reserve rate is at 9 and a bank receives a deposit of 8000 how much of the 800 is the bank free?

If the reserve rate is at 9 and a bank receives a deposit of 8000 how much of the 800 is the bank free?
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1 Answer

Answer :

$7280, 9% of 8000 is 720 and they are free to loan everything except the $720.
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