For every one dollar banks receive as deposit, they have to keep at least 20 cents as
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Question:
For every one dollar banks receive as deposit, they have to keep at least 20 cents as reserves. The deposit multiplier is equal to:
0.2 | ||
5 | ||
50 | ||
20 | ||
0.5 |
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: