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Show your work.. don't copy from internet.. Economics If the required reserve ratio (RR) for a bank is 0.62, and banks lend out all excess

Show your work.. don't copy from internet..

Economics If the required reserve ratio (RR) for a bank is 0.62, and banks lend out all excess reserves, what is the money multiplier (MM)? Round to one decimal place. Provide your answer below

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