The multiple by which the commercial banking system can expand the money supply on the basis of excess reserves is: zero. larger the smaller the legal reserve ratio. the reciprocal of the bank's...



The multiple by which the commercial banking system can expand the money supply on the basis of excess reserves is:




























zero.





larger the smaller the legal reserve ratio.





the reciprocal of the bank's sterling reserves.





smaller than the legal reserve ratio.





Jun 09, 2022
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