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If the Federal Reserve sets the reserve rate to 5%, what is the resulting money multiplier?
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If the Federal Reserve sets the reserve rate to 5%, what is the resulting money multiplier?

User AhmedZah
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1 Answer

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For the answer to the question above, the question is simple and easy to answer. Just divide 5% to 100 and it will look like this,

5.00/100

so the answer for this problem is 0.05
I hope my answer helped you with your problem. Have a nice day!
User Robin Varghese
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