money multiplier
When a central bank engages in open market operations to change the monetary base, the money multiplier is the ratio of the resulting change in the money supply to the change in the base. If banks and others keep the base at a fraction, ?, of the money supply (e.g., if only banks hold currency, with a fixed reserve ratio, ?), then the money multiplier is 1/?.
Browse by Subjects
bank statement
Little Dragons
stop-running
holding
inspector