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Assume the reserve requirement is 7% of deposits, and banks wish to hold 5% of deposits as excess reserves. Calculate the percentage change in the

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Assume the reserve requirement is 7% of deposits, and banks wish to hold 5% of deposits as excess reserves. Calculate the percentage change in the money multiplier as a result of a decrease in the currency-to- deposit ratio from 15% to 10%. Select one: a. Decrease by 14.81% b. Increase by 14.81% c. Increase by 17.39% d. Decrease by 17.39%

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