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Assume the following data: reserve requirement = .1; currency in circulation = 200; deposits = 300; excess reserves = 20. Approximately what is the money

  1. Assume the following data: reserve requirement = .1; currency in circulation = 200; deposits = 300; excess reserves = 20. Approximately what is the money multiplier?
    1. 5
    2. 2
    3. 3
    4. 4

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