Consider an economy with oumency in oiroulation of $100, checkable deposts of 200, and ecess eserves of $2e d reerves tos 10s, h economy? (round up to one digit anher the decimal) money muer OA 22 OB 29 OC 28 OD. 25

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Chapter16: Information, Risk, And Insurance
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Consider an economy with ourrency in circulation of $100, checkable deposits of $200, and excess reserves of $2 he requd reverves ratio s 10%, what is he morey mutlerin
economy? (round up to one digit aner the decimal)
OA 22
OB. 29
OC. 28
OD. 26
Transcribed Image Text:Consider an economy with ourrency in circulation of $100, checkable deposits of $200, and excess reserves of $2 he requd reverves ratio s 10%, what is he morey mutlerin economy? (round up to one digit aner the decimal) OA 22 OB. 29 OC. 28 OD. 26
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