If a simple economy has a required reserve ratio of 20%, what is the maximum potential deposit expansion that could occur following a primary deposit of $12 million? What is the money multiplier? (Show your work.) Identify at least two leakages that are likely to reduce the multiplier in a complex economy.

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08-07-2024
Mathematics

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If a simple economy has a required reserve ratio of 20%, what is the maximum potential deposit expansion that could occur following a primary deposit of $12 million? What is the money multiplier? (Show your work.) Identify at least two leakages that are likely to reduce the multiplier in a complex economy.

Sagot :

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