Table 29-5 The following information pertains to the Bank of Kingston.

-Refer to Table 29-5. Assume that the Bank of Kingston is holding the required percent of deposits as reserves. Also, assume all other banks hold only the required percent of deposits as reserves. What is the money multiplier?
A)12.5
B)15
C)17.5
D)20

Question

Table 29-5 The following information pertains to the Bank of Kingston.
 
-Refer to Table 29-5. Assume that the Bank of Kingston is holding the required percent of deposits as reserves. Also, assume all other banks hold only the required percent of deposits as reserves. What is the money multiplier?
A)12.5 
B)15 
C)17.5 
D)20

Quizplus · Accepted Answer

The Answer of Table 29-5 The following information pertains to the Bank of Kingston.
 
-Refer to Table 29-5. Assume that the Bank of Kingston is holding the required percent of deposits as reserves. Also, assume all other banks hold only the required percent of deposits as reserves. What is the money multiplier?
A)12.5 
B)15 
C)17.5 
D)20

Table 29-5 the Following Information Pertains to the Bank of Kingston