Assume That the Currency-Deposit Ratio Is 0

question 38

Multiple Choice

Assume that the currency-deposit ratio is 0.3 and the reserve-deposit ratio is 0.2.What is the money multiplier?

• A)1)5
• B)2)0
• C)2)6
• D)5)0

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Definitions:

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The patterns of behavior expected of individuals in specific positions within a social group or society.

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The activity of buying and selling of goods and services, especially on a large scale, involving transportation and trade between parties.

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