cesarchakal1062 cesarchakal1062

26-09-2019
Business

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If the required reserve ratio is 20 percent and commercial bankers decide to hold additional excess reserves equal to 5 percent of any newly acquired checkable deposits, then the effective monetary multiplier for the banking system will be: a) 3 b) 4 c) 5 d) 6

Respuesta :

Karabo99 Karabo99

28-09-2019

Answer:

b) 4

Explanation:

effective monetary multiplier = [required reserve ratio]/[commercial bankers decide to hold additional excess reserves]

= 20/5

= 4

Therefore, the effective monetary multiplier for the banking system will be 4.

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