If the Money Multiplier Is Approximated to Be 2, Then

question 127

Multiple Choice

If the money multiplier is approximated to be 2, then the reserve ratio must be:

• A) 50 percent.
• B) 5 percent.
• C) 2 percent.
• D) 20 percent.

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Brevity

The quality of being concise and exact in use of words in writing or speech.

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