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Business, 17.01.2021 22:00 rebecabosca

Country A has required reserve ratio of 20% and currency drainage of 15%. Calculate the money multiplier. If total deposit is $20 million, what will be the total money supply in the economy?

Select one:
a. $55 million
b. $45 million
c. None
d. $50 Million

= None

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Answers: 3

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Country A has required reserve ratio of 20% and currency drainage of 15%. Calculate the money multip...
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