The currency drain ratio is 0.5 of deposits and the banks' reserve ratio is 0.4. What is the money multiplier?

1.67

Explanation:

From the question, we are informed that the currency drain ratio is 0.5 of deposits and the banks' reserve ratio is 0.4.

The money multiplier is calculated as:

(1 + the currency drain ratio)/( the reserve ratio + the currency drain ratio)

= (1 + 0.5)/(0.5 + 0.4)

= 1.5/0.9

= 1.67

Therefore, the money multiplier will be 1.67.

answer; /// i believe the correct answer is (all of the above);

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number