Use the following table to answer the following question: Table 2 Bank of Moncton (T-Account) Assets: Liabilities:
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Question:
Use the following table to answer the following question:
Table 2 Bank of Moncton (T-Account)
Assets: Liabilities:
Reserves: Deposits: $140, 000
Loans: $133, 000
Refer to table 2. Assume that all banks hold the same reserve ratio as the Bank of Moncton. What is the money multiplier?
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