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Let r=.05 be the reserve rate. Which one of the following is the money multiplier? a. 10 * .05 b. 1/0.05^2 c. 0.05^2 d. 1/0.05

Let r=.05 be the reserve rate. Which one of the following is the money multiplier? a. 10 * .05 b. 1/0.05^2 c. 0.05^2 d. 1/0.05
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4 votes
Let r=.05 be the reserve rate. Which one of the following is the money multiplier?

a. 10 * .05
b. 1/0.05^2
c. 0.05^2
d. 1/0.05

User Romani
by
7.9k points

2 Answers

4 votes
The formula for the money multiplier is :
1/ Reserve rate
so, the answer would be :
1/0.05
User Danny C
by
8.7k points
3 votes

APEX!!!!!!!!!!!!!!!!!!!!!!!!!

1/0.05

User Brandin
by
7.5k points
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