Suppose the required reserve ratio is 1%, but banks are conservative and have an actual reserve ratio of 15%. What is the value of the money multiplier? A. 10 B. 6.67 O C.5 D. 15

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Suppose the required reserve ratio is 1%, but banks are conservative and have an actual reserve ratio of 15%. What is the value of
the money multiplier?
A. 10
O B. 6.67
O C. 5
D. 15
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