If the Required Reserve Ratio Is One-Third,currency in Circulation Is

question 77

Multiple Choice

If the required reserve ratio is one-third,currency in circulation is $300 billion,checkable deposits are $900 billion,and there is no excess reserve,then the M1 money multiplier is

• A)2.5.
• B)2.8.
• C)2.0.
• D)0.67.

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Definitions:

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