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Question
The Fed purchases $1 million of U.S. government securities from First Bank. The desired reserve ratio is 10 percent, the currency drain ratio is zero, and banks loan all excess reserves. The money multiplier is equal toA) 0.10.
B) 1.0.
C) 10.0.
D) 100.0.
E) $1 million.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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Scarcity results from the fact that
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E) the population keeps growing.
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