MACRO ECON 6
6th Edition
ISBN: 9780357689820
Author: MCEACHERN
Publisher: CENGAGE L
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Question
Chapter 14, Problem 6P
To determine
Effect of required ratio on the money multiplier.
Introduction:
Money multiplier is the amount of money generated by all the commercial banks with each unit reserves. It is simply the reciprocal of the required reserve ratio.
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