gracebuffum
04.08.2020 •
Mathematics
If the Federal Resene sets the reserve rate to 20%, what is the resulting money multiplier?
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Ответ:
5
Step-by-step explanation:
Money multiplier helps to explain how an economic activity boosts the economic output for the country. It shows how saving in terms of deposit increases the net supply of money in any economy.
Money multiplier = 1/reserve ratio
given reserve ratio = 20% = 20/100 = 0.2
thus,
Money multiplier = 1/0.2 = 5
Ответ: