Business, 02.01.2020 21:31 bellaisbored202

The people in an economy have $25 million in money. there is only one bank where they deposit their money and it holds 10% of the deposits as reserves. what is the money multiplier in this economy?

a. 5 b. 1 c. 20 d. 10

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The people in an economy have $25 million in money. there is only one bank where they deposit their...