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Rankin deposits $3,500 into his savings account. If the bank must reserve 5% of Rankin's deposit, then what is the money multiplier? a. $70,000 b.

Rankin deposits $3,500 into his savings account. If the bank must reserve 5% of Rankin's deposit, then what is the money multiplier? a. $70,000 b. $7,000 c. $17,500 d. $1,750 e. $175

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