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Give the correct answer with detailed explanation and don't copy from internet. Show your work.. The following information pertains to a commercial bank. Assets: Liabilities:

Give the correct answer with detailed explanation and don't copy from internet.

Show your work..

The following information pertains to a commercial bank. Assets: Liabilities: Reserves $3,000 Deposits $70,000 Loans $67,000 Assume that all banks hold the same reserve ratio as this bank. What is the money multiplier? O 19.5 0.04 4.3 23.3

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