Suppose the reserve requirement is 15 percent.Which of the following is true?
A) The simple money multiplier is 15.
B) The simple money multiplier is 1/15.
C) The simple money multiplier is 30,000.
D) The simple money multiplier is 1/30,000.
E) The simple money multiplier is 1/0.15.
Correct Answer:
Verified
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