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Banks in Westeros have been required to keep [10%] of all checkable deposits on reserve, but now the central bank has changed the reserve requirement
Banks in Westeros have been required to keep \[10\%\] of all checkable deposits on reserve, but now the central bank has changed the reserve requirement to \[20\%\]. What immediate effect does this have on banks' balance sheets? Choose 1 answer: Choose 1 answer: (Choice A) Liabilities decrease. A Liabilities decrease. (Choice B) Excess reserves increase. B Excess reserves increase. (Choice C) Required reserves decrease. C Required reserves decrease. (Choice D) Excess reserves decrease. D Excess reserves decrease. (Choice E) Liabilities increase. E Liabilities increase
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