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Mary decides to withdraw $500 out of her checking account. The impact of this transaction on the banking systems balance sheet will be to: a.only
Mary decides to withdraw $500 out of her checking account. The impact of this transaction on the banking systems balance sheet will be to: a.only reduce check able deposits by $500 b. increase reserves and reduce check able deposits by $500 respectively c. decrease reserves and check ables deposits by $500 respectively. d. only reduce reserves by the required rate times $500.
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