The money multiplier in an economy increases with which one of the following?
AIncrease in the cash reserve ratio
BIncrease in the banking habit of the population
CIncrease in the statutory liquidity ratio
DIncrease in the population of the country
Answer & Solution
Correct answer: B. Increase in the banking habit of the population
UPSC CSE Prelims 2019 (GS-I, Set A), Q.90. Official answer key: B.
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