Currency deposit ratio-what is size of the money multiplier

Reference no: EM13689367

The currency deposit ratio, c, is 0.10. The reserve requirement is, re, is 0.08. The excess reserve ratio, e, is 0.05. What is the size of the money multiplier?

A. 4.70

B. 4.75

C. 4.00

D. 4.78

Reference no: EM13689367

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