Previous Page Next Page Page 14 of 39 Question 14 (3 points) Which of the following is a FALSE statement? Explain why. 1. If the currency drain is 20 percent and the desired reserve ratio is 10 percent, the real-life money multiplier is 4. 2. If a country has $100 billion in bank reserves, $200 billion in currency held by the public, and $1000 billion in bank deposits, the real-life money multiplier is 3. Paragraph V BIUA + v