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Mary decides to withdraw $500 out of her checking account. The impact of this transaction on the Banking System's balance sheet will be to: decrease

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Mary decides to withdraw $500 out of her checking account. The impact of this transaction on the Banking System's balance sheet will be to: decrease reserves and checkable deposits by $500 respectively. only reduce checkable deposits by $500. increase reserves and reduce checkable deposits by $500 respectively. only reduce reserves by the required reserve rate times $500

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