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FINANCE.. If the required reserve ratio is 8 percent, currency in circulation is $410 billion, checkable deposits are $910 billion, and excess reserves total $1

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FINANCE.. If the required reserve ratio is 8 percent, currency in circulation is $410 billion, checkable deposits are $910 billion, and excess reserves total $1 billion, then the money multiplier for the Ml is a. 2.11 b. 2.51 2.73 d. 2.01

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