16. An economy starts with $10,000 in currency.All of this currency is deposited into a single bank, and the bank then makes loans totaling $9,150.The T-account of the bank is shown below.

Assets

Liabilities

Reserves$850

Deposits$10,000

Loans9,150

If all banks in the economy have the same reserve ratio as this bank, then the value of the economy's money multiplier is

a.

0.85.

b.

10.86.

c.

11.76.

d.

13.33.