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Refer to the Above Information for a Single Chartered Bank

Question 196

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Refer to the above information for a single chartered bank.When the desired reserve ratio is 30 percent, the money multiplier is: A) 5. B) 4. C) 3.33. D) 2.5. Refer to the above information for a single chartered bank.When the desired reserve ratio is 30 percent, the money multiplier is:


A) 5.
B) 4.
C) 3.33.
D) 2.5.

Correct Answer:

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