Card 10 / 15: What is the banking Ripple Effect?
A)
When the banks refuse to lend each other
B)
When the banks refuse to lend the private sector
C)
When the scale of recursive deposit and lending process causes the amount of money in circulation to multiply
Answer:
C) When the scale of recursive deposit and lending process causes the amount of money in circulation to multiply
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Yasser IbrahimFounder
Jobilize.com
U.A.E.
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