If the ratio of currency to deposits is 0.40, the ratio of required reserves to deposits is
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If the ratio of currency to deposits is 0.40, the ratio of required reserves to deposits is 0.10 and the ratio of excess reserves to deposits is 0.20, the simple money multiplier = [a]
Related Book For
Fundamentals Of Electric Circuits
ISBN: 9780073301150
3rd Edition
Authors: Matthew Sadiku, Charles Alexander
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