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Let r = .07 be the reserve rate. Which of the following is the money multiplier?

Let r = .07 be the reserve rate. Which of the following is the money multiplier?
asked 174k views
3 votes
Let r = .07 be the reserve rate. Which of the following is the money multiplier?

asked
User Dmitriy Nevzorov
by
8.5k points

1 Answer

4 votes
The formula for the money multiplier is :

1/ Reserve rate

so, the answer would be :

1/0.07
answered
User Hocho
by
8.3k points
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