Chapter15: Money Creation
Section: Chapter Questions
Problem 9SQ
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Question
![If the reserve ratio is 11%, what is the potential money multiplier?
Potential money multiplier =
Α
; two decimal places: e.g. 10.01](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb70d429b-ee28-46c5-9470-7f7258185c42%2F310fb046-c95a-4ef9-a66c-dea8633d34a3%2Fqqm7pmx_processed.png&w=3840&q=75)
Transcribed Image Text:If the reserve ratio is 11%, what is the potential money multiplier?
Potential money multiplier =
Α
; two decimal places: e.g. 10.01
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