Business, 28.11.2020 01:20 viuygoiu6446
The people in an economy have $10 million in money. There is only one bank that all the people deposit their money in and it holds $0.5 million as required reserves. What is the money multiplier in this economy?
a. 1
b. 5
c. 10
d. 20
Answers: 1
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The people in an economy have $10 million in money. There is only one bank that all the people depos...
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