The money multiplier in an economy increases with which one of the following?
A. Increase in the cash reserve ratio
B. Increase in the banking habit of the population
C. Increase in the statutory liquidity
D. Increase in the population of the country
Answer:B
The money multiplier in an economy increases with which one of the following?
A. Increase in the cash reserve ratio B. Increase in the banking habit of the population C. Increase in the statutory liquidity D. Increase in the population of the country