If the Target Reserve Ratio in the Banking System Is

question 17

Multiple Choice

If the target reserve ratio in the banking system is 20 percent, there is no cash drain, and there are no excess reserves, a new deposit of $1 will lead to an eventual expansion of the money supply of

• A)$0.20
• B)$1.20
• C)$2.00
• D)$5.00
• E)$20.00

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