Explain why (just mathematically) if people hold relatively more cashthat is, the currency ratio k increasesthe money
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Explain why (just mathematically) if people hold relatively more cash—that is, the currency ratio k increases—the money supply multiplier gets smaller.
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The currency ratio will change the money supply multiplier in t...View the full answer
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Related Book For 
Money, Banking, Financial Markets and Institutions
ISBN: 978-0538748575
1st edition
Authors: Michael Brandl
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