Table 10-4 The Following Information Pertains to the Bank of Moncton

question 107

Multiple Choice

Table 10-4
The following information pertains to the Bank of Moncton.
-Refer to the Table 10-4.Assume that all banks hold the same reserve ratio as the Bank of Moncton.What is the money multiplier?

• A) 12.5
• B) 15
• C) 17.5
• D) 20