Let r = .05 be the reserve rate. Which of the following is the money multiplier?

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asked Jul 13, 2022 109k views

5 votes

Let r = .05 be the reserve rate. Which of the following is the money multiplier?

Mathematics
college

Awoyotoyin asked

by Awoyotoyin

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2 Answers

5 votes

Answer:

1/0.05

Explanation:

Just did test

Rocknroll answered Jul 14, 2022

by Rocknroll

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4 votes

Answer:

1/0.05

Explanation:

The formula for the money multiplier is :

1/ Reserve rate

If is wrong i'm sorry

Chris Ballance answered Jul 20, 2022

by Chris Ballance

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