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If actual reserves in the banking system are $50,000, excess reserves are $5,000, and demand deposits are $225,000, then the money multiplier: Multiple Choice is
If actual reserves in the banking system are $50,000, excess reserves are $5,000, and demand deposits are $225,000, then the money multiplier:
Multiple Choice
- is 5.
- is 10.
- cannot be determined from this information.
- is 4.
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