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Suppose the reserve-deposit ratio is 20%, the total currency in circulation is $100B, the total amount of deposits is $700B. 1) What is the total

Suppose the reserve-deposit ratio is 20%, the total currency in circulation is $100B, the total amount of deposits is $700B.

1) What is the total reserves?

How much is the money multiplier?

2) How much is the money multiplier?

How much is the money multiplier?How much is the money multiplier?

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