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Digiron [165]
3 years ago
5

Suppose that the required reserve ratio is 8.00 %. What is the simple money (deposit) multiplier?

Business
1 answer:
77julia77 [94]3 years ago
8 0

Answer:

12.5

Explanation:

Money multiplier gives the maximum amount money supply can increase to given the reserve ratio

Money multiplier = 1 / r = 1 / 0.08 = 12.5

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Answer:

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