Table 11-5. -Refer to Table 11-5. Assume There Is a Reserve Requirement

Multiple Choice

Table 11-5.

-Refer to Table 11-5. Assume there is a reserve requirement and the Bank of Pleasantville is exactly in compliance with that requirement. Assume the same is true for all other banks. Lastly, assume people hold only deposits and no currency. What is the money multiplier?

A) 5
B) 10
C) 15
D) 20