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Suppose that commercial banks are holding reserves consisting of required reserves of $20 billion, and excess reserves of $180 billion. Currency in the hands of

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Suppose that commercial banks are holding reserves consisting of required reserves of $20 billion, and excess reserves of $180 billion. Currency in the hands of the public is 5140 billion. Deposit accounts amount to 5160 billion. Calculate the money multiplier. Select one: O a. 0.8842 b. 0.2488 c 0.8824 d. 0.4288

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