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3. Explain the concept of the money multiplier and how the multiplier depends on the reserve requirement.

3. Explain the concept of the money multiplier and how the multiplier depends on the reserve requirement.

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3. Explain the concept of the money multiplier and how the multiplier depends on the reserve requirement.
Transcribed Image Text:3. Explain the concept of the money multiplier and how the multiplier depends on the reserve requirement.
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