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

Let r = .05 be the reserve rate. Which of the following is the money multiplier?
109k views
5 votes
Let r = .05 be the reserve rate. Which of the following is the money multiplier?

User Awoyotoyin
by
8.2k points

2 Answers

5 votes

Answer:

1/0.05

Explanation:

Just did test

User Rocknroll
by
7.7k points
4 votes

Answer:

1/0.05

Explanation:

The formula for the money multiplier is :

1/ Reserve rate

If is wrong i'm sorry

User Chris Ballance
by
8.4k points
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