Refer to the information below. The monetary multiplier is: Consolidated balance sheet for the chartered banking system. All figures are in billions. Assume that the desired reserve ratio is 20 percent. 
A) 4.
B) 5.
C) 8.
D) 10.
Correct Answer:
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Q171: Q173: Q182: Money is destroyed when: Q183: The greater the desired reserve ratio, the: Q194: If the desired reserve ratio were 100 Q196: Banks destroy money when they: Q198: If actual reserves in the banking system Q207: When you use money to purchase groceries,![]()
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A)loans are made.
B)cheques written
A)higher
A)buy government bonds.
B)accept
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