Question

As a result of the Fed's actions during the 2008 financial crisis and banks' lending policies,
A) the M2 money multiplier has fallen from about 9 to about 4.
B) the M2 money multiplier more than doubled.
C) the monetary base decreased by 50 percent.
D) the ratio of currency to M2 deposits more than doubled.
E) the reserve requirement ratio increased.

Answer

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