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21 March, 06:08

The Money Multiplier is found by the

formula (1/Required Reserve Ratio).

What is the value of the multiplier if

the Required Reserve Ratio is 65%?

A. 1.54

B. 1.65

C. 1.99

+1
Answers (1)
  1. 21 March, 06:23
    0
    B. because it's the required reserve ratio is 1 and the other one is 65%
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