(Answered) 1 describe the process of money multiplication what is the

Economics

1. Describe the process of money multiplication. What is the role of the central bank and commercial banks in the process? What do you think happens to the money multiplier in a boom, and why?

2. Australian money supply (specifically the M3 monetary aggregate) grew from $1,627.6 billion in January 2014 to $1,859.81 billion in February 2016. What % increase was that?

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