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Jana withdraws$1,200 in cash from her checking account. If the reserve requirement is0%, but banks keep7% of their checking deposits as excessreserves, what will be

Jana withdraws$1,200 in cash from her checking account. If the reserve requirement is0%, but banks keep7% of their checking deposits as excessreserves, what will be the change in the money supply as a result ofJana's withdrawal?

A.

-$18,342.86

B.

-$5,858.82

C.

-$17,142.86

D.

-$15,942.86

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