The currency deposit ratio c is 010 the reserve requirement


The currency deposit ratio, c, is 0.10. The reserve requirement is, re, is 0.08. The excess reserve ratio, e, is 0.05. What is the size of the money multiplier?

A. 4.70

B. 4.75

C. 4.00

D. 4.78

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Microeconomics: The currency deposit ratio c is 010 the reserve requirement
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