Which of the following is not an assumption of the simple deposit multiplier? a. Banks always earn

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Which of the following is not an assumption of the simple deposit multiplier?

a. Banks always earn a profit.

b. Banks hold no excess reserves.

c. Consumers hold no cash.

d. There is one required reserve ratio.

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Money, Banking, Financial Markets and Institutions

ISBN: 978-0538748575

1st edition

Authors: Michael Brandl

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Question Posted: Jun 21, 2019 07:24 AM

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Which of the following is not an assumption of the simple deposit multiplier? a. Banks always earn

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