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Jack transferred $20,000 out of his account in Bank A to pay for a new car. The fund was transferred to the car dealer's account
Jack transferred $20,000 out of his account in Bank A to pay for a new car. The fund was transferred to the car dealer's account in Bank B. How would this transfer affect the total quantity of reserves in the banking system? This will the quantity of reserves. a. decrease b. not change c. have indeterminate effect on d. increase
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
7th Edition
013213683X, 978-0132136839
