The money multiplier is much lower today than it was twenty-five years ago because:
A. People are holding less currency today.
B. The currency to deposit ratio is much higher today.
C. There is less currency available today.
D. None of the above.
Answer:B
The money multiplier is much lower today than it was twenty-five years ago because:
A. People are holding less currency today. B. The currency to deposit ratio is much higher today. C. There is less currency available today. D. None of the above.