Table 29-5 the Following Information Pertains to the Bank of Kingston

Multiple Choice

Table 29-5 The following information pertains to the Bank of Kingston.

-Refer to Table 29-5. Assume that the Bank of Kingston is holding the required percent of deposits as reserves. Also, assume all other banks hold only the required percent of deposits as reserves. What is the money multiplier?

A) 12.5
B) 15
C) 17.5
D) 20