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Money, Interest Rates And Output
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If the banks in an economy operate with a reserve ratio of 20 percent then the money multiplier is ?
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If the banks in an economy operate with a reserve ratio of 20 percent then the money multiplier is ?
A. 4
B. 20
C. 25
D. 5
Correct Answer:
5
✔
Last Updated:
June 18, 2019