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Jana withdraws $1,200 in cash from her checking account. If the reserve requirement is 0%, but banks keep 7% of their checking deposits as excess

Jana withdraws $1,200 in cash from her checking account. If the reserve requirement is 0%, but banks keep 7% of their checking deposits as excess reserves, what will be the change in the money supply as a result of Jana's withdrawal? A. -$18,342.86

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