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Table 16: T-account for the Bank of Utopia Assets Liabilities Reserves $6,000 Deposits $120,000 Loans $114,000 Refer to Table 16. Assume that all banks in

Table 16: T-account for the Bank of Utopia Assets Liabilities Reserves $6,000 Deposits $120,000 Loans $114,000 Refer to Table 16. Assume that all banks in the economy have the same reserve ratio as the Bank of Utopia and that people hold only deposits and no currency. Given the T-account information for the Bank of Utopia, what is the size of the money multiplier for this economy? Group of answer choices 0.20 19 20 25 The money multiplier is infinite

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