Consider an economy with currency in circulation of $100, checkable deposits of $200, and excess reserves of $2. If t
Posted: Thu May 19, 2022 8:06 am
Consider an economy with currency in circulation of $100,
checkable deposits of $200, and excess reserves of $2.
If the required reserves ratio is 10%, what is the money
multiplier in this economy? (round up to one digit after
the decimal)
A.
2.9
B.
2.5
C.
2.8
D.
2.2
checkable deposits of $200, and excess reserves of $2.
If the required reserves ratio is 10%, what is the money
multiplier in this economy? (round up to one digit after
the decimal)
A.
2.9
B.
2.5
C.
2.8
D.
2.2