If the reserve ratio is 0.5 and no individuals hold currency then the money multip could be as high as 02 20 200 2,000 20,000

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter19: Money Creation
Section: Chapter Questions
Problem 7SQ
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I believe the answer is 2, but I'm not 100 percent.
If the reserve ratio is 0.5 and no individuals hold currency then the money multiplier
could be as high as
2
20
200
O2,000
O20,000
Transcribed Image Text:If the reserve ratio is 0.5 and no individuals hold currency then the money multiplier could be as high as 2 20 200 O2,000 O20,000
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