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sgy_89 sgy_89
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7 years ago
The deposit multiplier tells us the minimum amount of new money that will be created from an initial change in excess reserves; the maximum can be substantially larger.
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Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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VilaVila
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sgy_89 Author
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7 years ago
Thanks for your help!!
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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This calls for a celebration Person Raising Both Hands in Celebration
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