Answered: If the reserve ratio is 0.5 and no…

If the reserve ratio is 0.5 and no individuals hold currency then the money multip could be as high as 02 20 200 2,000 20,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

I believe the answer is 2, but I'm not 100 percent.

If the reserve ratio is 0.5 and no individuals hold currency then the money multiplier
could be as high as
2
20
200
O2,000
O20,000

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