Economy, asked by jasminekhokhar10, 4 months ago

13. (a) Define moneymultiplier.

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Answered by krishi52

In monetary economics, a money multiplier is one of various closely related ratios of commercial bank money to central bank money under a fractional-reserve banking system. It relates to the maximum amount of commercial bank money that can be created, given a certain amount of central bank money.

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