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Business, 06.12.2019 05:31 jadeossowski3590
Scenario: money supply changes ii charlotte withdraws $8,000 from her checkable bank deposit to pay tuition this semester. assume that the reserve requirement is 20% and that banks do not hold excess reserves. reference: ref 18-7 (scenario: money supply changes ii) look at the scenario money supply changes ii. as a result of the withdrawal, excess reserves by
a) decrease; $6,400
b) decrease; $8,000
c) increase; $8,000
e) decrease; $1,600
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Scenario: money supply changes ii charlotte withdraws $8,000 from her checkable bank deposit to pay...
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