If total reserves for a bank are $20,000, excess reserves are $15,000, and demand deposits are $100,000, then the money multiplier must be: a)20. b)15. d)10. c)5.
If total reserves for a bank are $20,000, excess reserves are $15,000, and demand deposits are $100,000, then the money multiplier must be: a)20. b)15. d)10. c)5.
Chapter19: Money Creation
Section: Chapter Questions
Problem 7SQ
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If total reserves for a bank are $20,000, excess reserves are $15,000, and demand deposits are $100,000, then the money multiplier must be:
a)20.
b)15.
d)10.
c)5.
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