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Refer to the information provided in Scenario 10.2 below to answer the questions that ed 00 SCENARIO 10.2: The following table shows the changes in

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Refer to the information provided in Scenario 10.2 below to answer the questions that ed 00 SCENARIO 10.2: The following table shows the changes in deposits, reserves, and loans of 4 banks as a result of a $100.000 initial deposit in Bank No. 1. Assume all banks are loaned up. n Bank No. 1 Bank No. 2 Bank No.3 Bank No.4 New Deposit $100,000.00 $90,000.00 $81,000.00 $72,900.00 Required Reserve $10,000.00 $9,000.00 $8,100.00 $7,290.00 Loans $90,000.00 $81,000.00 $72,900.00 $65,610.00 Refer to Scenario 10.2 What is the money multiplier in this economy? Select one: a. 20 b. 10 C. 50 d. 16.67

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