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A bank receives a deposit for $30,000. If the bank has a 10 percent reserve requirement, approximately how much money could this initial deposit eventually add to the economy?

Respuesta :

Answer:300,000

Step-by-step explanation:

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ashishdwivedilVT

The total initial deposit of the bank is $ 300000.

What is Percentage?

Percentages, one of the most frequent ways to show the statistics is by percentage. Percent simply means "per hundred" and the symbol used to express percentage is %.

Here, Let the total initial deposit be x

         Bank receives amount = $ 30,000

         Bank reserve requirement = 10 %

Now, 10% of total = 30,000

    x = 30000 /0.1

  x = 300000

 

Thus, he total initial deposit of the bank is $ 300000.

Learn more about Percentage from:

https://brainly.com/question/14979505

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