Ask your own question, for FREE!
Finance 12 Online
OpenStudy (anonymous):

If the federal reserve sets the reserve rate to 2%, what is the resulting money multiplier?

OpenStudy (adamaero):

http://en.wikipedia.org/wiki/Money_multiplier 1/(reserve rate) = money multiplier when reserve rate = .02

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Latest Questions
Arriyanalol: i need help
1 day ago 7 Replies 1 Medal
Arriyanalol: CONGRATS to me
1 day ago 8 Replies 2 Medals
Legomaster346: What colleges are good that are near Arab Alabama?
1 week ago 5 Replies 0 Medals
Arriyanalol: i need help
1 week ago 6 Replies 2 Medals
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!