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Consider the following data about the economy: currency outstanding ( C ) = $ 2 trillion, total deposits ( D ) = $ 1 trillion,

Consider the following data about the economy: currency outstanding (C)=$2 trillion, total deposits (D)=$1 trillion, total reserves (R)= $60 billion, and the required reserve ratio ratio (RR ratio)=5%. What is the money multiplier for this economy?
a.1.46
b.1.26
c.2.46
d.1.00
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