Teaching MPPSC Assistant Professor Mock Test Series 2025 General Knowledge Economy

Formula for money multiplier is

1
\(\frac{1}{R}\) (where R = Cash Reserve Ratio)
2
\(\frac{1}{r}\) (where r = rate of interest)
3
\(\frac{1}{R - r}\) (R - r > 0)
4
\(\frac{1}{R + r}\)
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