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The people in an economy have $10 million in money. There is only one bank that all the people deposit their money in and it
The people in an economy have $10 million in money. There is only one bank that all the people deposit their money in and it holds 10% of the deposits as reserves. What is the money multiplier in this economy? Question 20 options: a) 5 b) 10 c) 1 d) 20
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
