Economy, asked by SANAALI493, 9 months ago

Calculate the value of credit multiplier if the legal reserve ratio is 20%

Answers

Answered by chachi4201

0

Answer:

The answer is 5.

Explanation:

Money Multiplier = 1/LRR

= 1/20%

= 5.

Therefore The value of credit multiplier oflegal reverse ratio of 20% is 5

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