The Multiple by Which the Chartered Banking System Can Increase

question 107

Multiple Choice

The multiple by which the chartered banking system can increase the supply of money on the basis of each dollar of excess reserves is equal to:

• A)the reciprocal of the desired reserve ratio.
• B)1 minus the desired reserve ratio.
• C)the reciprocal of the income velocity of money.
• D)1/MPS.

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