Compute the impact on the money multiplier of an increase in the currency-to-deposit ratio from 10 percent to 15 percent when the reserve requirement is 10 percent of deposits, and banks' desired excess reserves are 3 percent of deposits.

Instructions:Enter your responses rounded to two decimal places.

When desired currency holdings = 10% of deposits,m=100

100 Incorrect

When desired currency holdings = 15% of deposits,m=Not attempted