Table 29-5 the Following Information Pertains to the Bank of Kingston

question 153

Multiple Choice

Table 29-5 The following information pertains to the Bank of Kingston.

-Refer to Table 29-5. If all banks hold only the required 4 percent of deposits as reserves, then what is the money multiplier?

• A)5
• B)10
• C)15
• D)25

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