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6 years ago
If currency outstanding equals $200 million, checkable deposits equal $1 billion, reserves equal $150 million, and the required reserve ratio is 0.10, the money multiplier equals
A) 0.86.
B) 3.14.
C) 3.43.
D) 4.
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Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
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