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★ѕραndavir ★ѕραndavir
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6 years ago
Given the reserve-holding ratio e and the fraction of deposits held as cash c, the money multiplier becomes
A) ec/(e - c).
B) (1 + c)/(e + c).
C) (1 - c)/ec.
D) 1 - e - c.
E) ec - (1/c).
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Macroeconomics

Macroeconomics


Edition: 12th
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thecromthecrom
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5 years ago
A good answer to a tough question
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