chalupataco7 chalupataco7

04-10-2016
Business

contestada

If the Federal Reserve sets the reserve rate to 2%, what is the resulting money multiplier?

Respuesta :

Robinstewart12 Robinstewart12

05-10-2016

Multiplier = 1 / Reserve Ratio.
Multiplier = 1 / 0.02 (2%)
Multiplier = 50.

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