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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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Posts: 4563
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8 years ago
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.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 553 times
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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#1
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8 years ago
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#2
8 years ago
I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome Slight Smile
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