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Assume the following data: reserve requirement = .1; currency in circulation = 500; deposits = 2,400; excess reserves = 710. Approximately what is the money

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Assume the following data: reserve requirement = .1; currency in circulation = 500; deposits = 2,400; excess reserves = 710. Approximately what is the money multiplier? A. 1.8 B. 2.0 C. 2.2 D. 1.6

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