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What is credit multiplier?

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What is credit multiplier?

    • Posted by Raghav Khandelwal 6 years, 10 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Abhishek Nayal 6 years, 10 months ago

    The money multiplier (also called the credit multiplier or the deposit multiplier) is a measure of the extent to which the creation of money in the banking system causes the growth in the money supply to exceed growth in the monetary base

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