To determine how much LegionBanc can lend from the money deposited by Joey Espinoza, we need to consider the bank's lending policies and regulations. Generally, banks are required to maintain a certain reserve ratio, which is the percentage of deposits that must be held in reserve and cannot be lent out.

Let's assume that LegionBanc has a reserve ratio of 10%. This means that they must keep 10% of the deposited amount as reserves and can lend out the remaining 90%.

To calculate the amount that LegionBanc can lend, we first need to find 10% of $1,000.

10% of $1,000 = $1,000 * 0.10 = $100

So, LegionBanc must keep $100 as reserves and can lend out the remaining $900.

Therefore, LegionBanc can lend $900 from the money deposited by Joey Espinoza.

Question

To determine how much LegionBanc can lend from the money deposited by Joey Espinoza, we need to consider the bank's lending policies and regulations. Generally, banks are required to maintain a certain reserve ratio, which is the percentage of deposits that must be held in reserve and cannot be lent out.

Let's assume that LegionBanc has a reserve ratio of 10%. This means that they must keep 10% of the deposited amount as reserves and can lend out the remaining 90%.

To calculate the amount that LegionBanc can lend, we first need to find 10% of $1,000.

10% of $1,000 = $1,000 * 0.10 = $100

So, LegionBanc must keep $100 as reserves and can lend out the remaining $900.

Therefore, LegionBanc can lend $900 from the money deposited by Joey Espinoza.

Knowee AI · Accepted Answer

To determine how much LegionBanc can lend from the money deposited by Joey Espinoza, we need to consider the bank's lending policies and regulations. Generally, banks are required to maintain a certain reserve ratio, which is the percentage of deposits that must be held in reserve and cannot be lent out.

Let's assume that LegionBanc has a reserve ratio of 10%. This means that they must keep 10% of the deposited amount as reserves and can lend out the remaining 90%.

To calculate the amount that LegionBanc can lend, we first need to find 10% of $1,000.

10% of $1,000 = $1,000 * 0.10 = $100

So, LegionBanc must keep $100 as reserves and can lend out the remaining $900.

Therefore, LegionBanc can lend $900 from the money deposited by Joey Espinoza.

Joey Espinoza has $1,000 in cash, he deposits the total amount in LegionBanc. How much can LegionBanc lend from the money deposited?

Question

Joey Espinoza has $1,000 in cash, he deposits the total amount in LegionBanc. How much can LegionBanc lend from the money deposited?

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