In a hypothetical economy the level of the percentage of reserved available (rr) and the percentage of free available er

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answerhappygod
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In a hypothetical economy the level of the percentage of reserved available (rr) and the percentage of free available er

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In a hypothetical economy the level of the percentage of
reserved available (rr) and the percentage of free available er is
8% and 5% correspondingly. The percentage of fiat money in
circulation that the individuals (c) hold is 10%. Calculate the
money multiplier and choose one of the following: a. 0.43, b. 7.33
c. 4.78 d. 5
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