If the Required Reserve Ratio (RR)is 20 Percent,the Simple Deposit

question 75

Multiple Choice

If the required reserve ratio (RR) is 20 percent,the simple deposit multiplier is

• A)2.
• B)5.
• C)10.
• D)20.

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Definitions:

Ownership of Property

The legal right or title to possess, use, and control an asset or property.

Percentage of Profits

A portion or share of the profits generated by a business or investment, expressed as a percentage of the total profits.

Loan Repayment

The process of paying back borrowed money, typically in installments, to the lender.

Written Partnership Agreement

A legally binding document that outlines the terms, conditions, and operations of a partnership between two or more parties.