Multiple Choice
Assume that individuals hold both currency and current account deposits. The money multiplier is equal to:
A) 1/8.
B) [c+8(1- c) ].
C) 1/(1- c) .
D) 1/c.
E) 1/[c+8(1- c) ].
Correct Answer:
Verified
Correct Answer:
Verified
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