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dezoksy [38]
3 years ago
11

The people in an economy have $25 million in money. There is only one bank where they deposit their money and it holds 10% of th

e deposits as reserves. What is the money multiplier in this economy?
A. 5 B. 1 C. 20 D. 10
Business
1 answer:
Klio2033 [76]3 years ago
6 0

Answer:

The people in an economy have $25 million in money. There is only one bank where they deposit their money and it holds 10% of the deposits as reserves. What is the money multiplier in this economy?

D. 10

Explanation:

10% of $25, 000, 000= $2,500,000

Money multiplier in this economy is by 10

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Answer:

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Milo files a suit against Nick in an Ohio state court, noting that Nick operates a Web site through which Ohio residents have do
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