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Villanova University *

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2101

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Economics

Date

Nov 24, 2024

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1

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The people in an economy have $10 million in money. There is only one bank that all the people deposit their money in and it holds 5% of the deposits as reserves. What is the money multiplier in this economy? C) a) 5 (®) b) 20 'C) c) 10 O d) 1
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