Multiple Choice
Refer to the information provided in Scenario 10.2 below to answer the questions that follow.
SCENARIO 10.2: The following table shows the changes in deposits, reserves, and loans of 4 banks as a result of a $100,000 initial deposit in Bank No. 1. Assume all banks are loaned up. 
-Refer to Scenario 10.2. What is the money multiplier in this economy?
A) 10
B) 16.67
C) 20
D) 50
Correct Answer:
Verified
Correct Answer:
Verified
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