Table 29-4 ​

question 166

Multiple Choice

Table 29-4
​
-Refer to Table 29-4. Assume there is a reserve requirement and the Bank of Cheerton is exactly in compliance with that requirement. Assume the same is true for all other banks. Lastly, assume people hold only deposits and no currency. What is the money multiplier?

• A)11.5
• B)12.5
• C)9.1
• D)8.1

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Definitions:

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