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Title: If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable depo Post by: valputin on Nov 28, 2015 If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $1000 billion, and excess reserves total $1 billion, then the M1 money multiplier is
A) 2.0. B) 2.8. C) 2.5. D) 0.7. Title: Re: If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable Post by: Meela on Dec 6, 2015 Content hidden
Title: Re: If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable depo Post by: valputin on Dec 14, 2015 Correct
Title: Re: If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable depo Post by: Meela on Dec 14, 2015 You're very welcome, valputin
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