Question

Conlusion of money multiplier

Answer 1

Answer:

Implications for monetary policy If banks maintain low levels of excess reserves, as they did in the US from 1959 to August 2008, then central banks can finely control broad (commercial bank) money supply by controlling central bank money creation, as the multiplier gives a direct and fixed connection between these

JAI SHRI RAM

Answer 2

Answer:

answer in the attachment above