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Scenario: Holding Cash
Suppose that the public holds 50% of the money supply in currency and the reserve requirement is 20%. Banks hold no excess reserves. A customer deposits $6,000 in her checkable deposit.
-(Scenario: Holding Cash) Look at the scenario Holding Cash. The money multiplier is:
A) 2.
B) greater than 5.
C) 5.
D) less than 5.
Correct Answer:
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A)the
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