A) Rs. 1,000
B) Rs. 2,000
C) Rs. 3,000
D) Rs. 5,000
Correct Answer: D
Solution :
Money Created = Primary Deposits \[\times \] Money Multiplier = 1,000 \[\times \] (1/0.20) = 1,000 \[\times \] 5 = Rs. 5,000You need to login to perform this action.
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