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The nation of Kocherlakota has a money supply equal to [$10,000] and a monetary base equal to [$2{,}500]. What is the money multiplier in Kocherlakota?
The nation of Kocherlakota has a money supply equal to \[\$10,000\] and a monetary base equal to \[\$2{,}500\]. What is the money multiplier in Kocherlakota? Choose 1 answer: Choose 1 answer: (Choice A) \[0.25\] A \[0.25\] (Choice B) This cannot be determined without knowing the reserve requirement B This cannot be determined without knowing the reserve requirement (Choice C) \[4\] C \[4\] (Choice D) \[2.5\] D \[2.5\] (Choice E) \[\$7500\] E \[\$7500\]
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