Which of the following is not an assumption of the simple deposit multiplier? a. Banks always earn
Question:
Which of the following is not an assumption of the simple deposit multiplier?
a. Banks always earn a profit.
b. Banks hold no excess reserves.
c. Consumers hold no cash.
d. There is one required reserve ratio.
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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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