中等ECON-MONE-003
If the public holds part of each new loan as cash, then compared with 1/rrr:
A. The deposit multiplier is larger because cash is a reserve at the central bank
B. Total deposits must exceed the simple maximum
C. The deposit multiplier is smaller because less is redeposited✓ 答案
D. The capital adequacy ratio becomes the multiplier
解說
A cash drain is a leakage. Notes held by the public are not redeposited, so later banks have less to lend and deposits stop short of the simple 1/rrr maximum. The capital adequacy ratio is a different rule.