Since reserve requirements on time and savings deposits were phased ou
Since reserve requirements on time and savings deposits were phased out in the early 1990s,
a. only the M1 money multiplier is affected by increases in time and savings deposits.
b. only the M2 money multiplier is affected by increases in time and savings deposits.
c. neither the M1 nor the M2 money multipliers are affected by increases in time and savings deposits.
d. both the M1 and M2 money multipliers are affected by increases in time and savings deposits.
ANSWER
B
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