If the reserve ratio is 11%, what is the potential money multiplier? Potential money multiplier = Α ; two decimal places: e.g. 10.01

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter25: Money Creation
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If the reserve ratio is 11%, what is the potential money multiplier?
Potential money multiplier =
Α
; two decimal places: e.g. 10.01
Transcribed Image Text:If the reserve ratio is 11%, what is the potential money multiplier? Potential money multiplier = Α ; two decimal places: e.g. 10.01
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