Table 29-4 -Refer to Table 29-4.Assume That the Bank of Tampa Is

question 50

Multiple Choice

Table 29-4

-Refer to Table 29-4.Assume that the Bank of Tampa is holding the required percent of deposits as reserves.Also,assume all other banks hold only the required percent of deposits as reserves and that people hold only deposits and no currency.What is the money multiplier?

• A)5
• B)10
• C)15
• D)20

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