Business, 14.04.2020 20:31, chaofails

If the reserve requirement is 20% and commercial bankers decide to hold additional excess reserves equal to 5% of any newly acquired checkable deposits, then the effective monetary multiplier for the banking system will be:
a. 3
b. 4
c. 5
d. 6

Answers: 2

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If the reserve requirement is 20% and commercial bankers decide to hold additional excess reserves e...