Table 10-3 The Following Information Pertains to the Bank of Kamloops

Multiple Choice

Table 10-3
The following information pertains to the Bank of Kamloops.
-Refer to the Table 10-3.Assume that the Bank of Kamloops is holding the required percent of deposits as reserves.Also,assume all other banks hold only the required percent of deposits as reserves,and that people hold only deposits and no currency.What is the money multiplier?

A) 1
B) 5
C) 10
D) 15