Top Posters
Since Sunday
L
3
d
3
y
3
a
3
n
3
d
3
e
3
d
3
c
3
p
3
M
3
a
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
valputin valputin
wrote...
Go to Answer
Posts: 5754
Rep: 3 0
8 years ago
If the required reserve ratio is 5 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and excess reserves total $0.8 billion, then the M1 money multiplier is
A) 0.551.
B) 2.3.
C) 2.5.
D) 2.72.
Textbook 
The Economics of Money, Banking and Financial Markets, Business School Edition

The Economics of Money, Banking and Financial Markets, Business School Edition


Edition: 4th
Author:
Read 174 times
3 Replies
Our course uses > The Economics of Money, Banking and Financial Markets
Replies
Answer verified by a subject expert
MeelaMeela
wrote...
#1
Top Poster
Posts: 5283
Rep: 66 0
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

valputin Author
wrote...
#2
8 years ago
Thank you
Our course uses > The Economics of Money, Banking and Financial Markets
wrote...
#3
8 years ago
You're very welcome, valputin
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1096 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 19
  
 1434
  
 109
Your Opinion
What's your favorite math subject?
Votes: 315
Previous poll results: Does a gender wage gap exist in America?