Economics · Money and Banking

Money Multiplier is defined as:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1The ratio of broad money (M3) or narrow money (M1) to reserve money (M0)✓
2The ratio of cash reserves to total bank deposits
3The ratio of M1 money supply to M3 money supply
4The ratio of total credit creation to gold reserves

Correct answer

The ratio of broad money (M3) or narrow money (M1) to reserve money (M0)

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Money Multiplier is defined as:

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