The required reserve ratio is 5%. The money multiplier is   Group of answer choices 15. 5. 0.5. 20.

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter19: Money Creation
Section: Chapter Questions
Problem 7SQ
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The required reserve ratio is 5%. The money multiplier is

 

Group of answer choices
15.
5.
0.5.
20.
 
 
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