If the Currency Drain Ratio Is 0

question 50

Multiple Choice

If the currency drain ratio is 0.2 and the desired reserve ratio is 0.03, the money multiplier is

• A) 3.23.
• B) 0.76.
• C) 5.22.
• D) 6.67.
• E) 4.46.

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Definitions:

Range

The difference between the highest and lowest values in a set of numbers.

Simplify

The process of reducing an expression to its most basic form.

Evaluate

To determine the worth of a given expression.

Simplify

To reduce a mathematical expression to its simplest form.