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kati45 [8]
3 years ago
7

If the simple money multiplier is 10 what is the reserve ratio

Social Studies
1 answer:
trasher [3.6K]3 years ago
7 0

Answer:

If, the reserve requirement is 10%, then the money supply reserve multiplier is 10 and the money supply should be 10 times reserves. When a reserve requirement is 10%, this also means that a bank can lend 90% of its deposits.

Explanation:

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2 years ago
What did the colonies of Connecticut, Rhode Island, and New Hampshire all have in common
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3 years ago
Which of the following would the Puritan settlers of New England probably say was most important to them? Money Land Religion Re
alina1380 [7]

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Explanation:

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8 0
3 years ago
Why the middle colonies Can be called a melting pot
Brilliant_brown [7]

Answer:

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Explanation:

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