Table 29-4 the Following Information Pertains to the Bank of Edmonton

Multiple Choice

Table 29-4 The following information pertains to the Bank of Edmonton.

-Refer to Table 29-4. Assume that the Bank of Edmonton 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