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Other Fields Homework Help Economics Topic started by: Loraine on Jun 22, 2015



Title: If the currency drain ratio is 0.2 and the desired reserve ratio is 0.03, the money multiplier is
Post by: Loraine on Jun 22, 2015
If the currency drain ratio is 0.2 and the desired reserve ratio is 0.03, the money multiplier is
A) 0.76.
B) 6.67.
C) 3.23.
D) 4.46.
E) 5.22.


Title: Re: If the currency drain ratio is 0.2 and the desired reserve ratio is 0.03, the money multiplier i
Post by: Sydnie on Jul 9, 2015
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Title: Re: If the currency drain ratio is 0.2 and the desired reserve ratio is 0.03, the money multiplier is
Post by: Sydnie on Aug 31, 2015
I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome :)