In the context of monetary economics, the 'Money Multiplier' is:
A. The ratio of investment to saving
B. The ratio of broad money to reserve money
C. The ratio of exports to imports
D. The ratio of fiscal deficit to GDP
Answer: Option B
Solution (By JKSSB Mock Tests)
The money multiplier is the ratio of the stock of broad money (such as M3) to the stock of reserve money, reflecting the extent of credit creation by the banking system.
Explanation:
The Sustainable Development Goals adopted by the United Nations comprise 17 interlinked goals that integrate economic prosperity, social inclusion and environmental sustainability.
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