Suppose that the reserve requirement is 20 percent. Then, the simple multiplier is A) 2, which equals
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Question:
Suppose that the reserve requirement is 20 percent. Then, the simple multiplier is
A) 2, which equals 1/0.2
B) 5, which equals 1/0.4
C) 2, which equals 1/0.1
D) 5, which equals 1/0.2
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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