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QUESTION 1 The Federal Reserve has instituted a reserve ratio of 12%, what is the money multiplier? Leave your answer in 2 decimal places. O

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QUESTION 1 The Federal Reserve has instituted a reserve ratio of 12%, what is the money multiplier? Leave your answer in 2 decimal places. O 6.00 O 8.33 O 12.00 O 0.12

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