Multiple Choice
Assume that individuals do not hold currency . If the ratio of reserves to deposits is 0.3, the money multiplier is:
A) 0.33.
B) 3.33.
C) 1.33.
D) 2.33.
E) 5.33.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q36: Graphically illustrate and explain what effect a
Q37: Banks are different from other financial intermediaries
Q38: Which of the following is a liability
Q39: As of 2008, the Australian government insures
Q40: We would expect which of the following
Q42: Which of the following will occur when
Q43: Which of the following is not an
Q44: The interest rate will increase as a
Q45: Which of the following is a liability
Q46: Use the market for central bank money