For this question,assume that individuals do not hold currency (i.e.,c = 0).The money multiplier is equal to

Name: For this question,assume that individuals do not hold currency (i.e.,c = 0).The money multiplier is equal to
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The money multiplier, when individuals do not hold currency (c = 0), simplifies to 1 / θ, where θ represents the reserve ratio. This is because the formula for the money multiplier in a simplified banking system is 1 / (c + θ(1 - c)), and with c = 0, it becomes 1 / θ.

For This Question,assume That Individuals Do Not Hold Currency (I