Suppose a customer makes a $2,280 cashwithdrawal from Bank A. If the reserve requirement was 8 percent, the deposit would ultimately lead to a ____ total decrease in the money supply in the economy, if all banks in the system lend out 100 percent of their excess reserves.

Group of answer choices

$2,097.6

$2,280

$18,240

$28,500

$26,220

A bank receives a demand deposit of $2,200. The bank loans out $1,360 of this deposit and increases its excess reserves by $488. What is the reserve requirement?

Group of answer choices

12 percent

15 percent

16 percent

18 percent

20 percent