You are given the following information: Reserves (R) in the banking system amount to $48 billion, of which $45.8 billion are required. Currency in the hands of the public amounts to
$692.5 billion while checkable deposits amount to $650 billion. Calculate the money multiplier.

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The Answer of You are given the following information: Reserves (R) in the banking system amount to $48 billion, of which $45.8 billion are required. Currency in the hands of the public amounts to
$692.5 billion while checkable deposits amount to $650 billion. Calculate the money multiplier.

You Are Given the Following Information: Reserves (R) in the Banking