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What would happen to the monetary base if the following occurred? Explain your reasoning. No points awarded without an adequate explanation. a. I withdraw $200

What would happen to the monetary base if the following occurred? Explain your reasoning. No points awarded without an adequate explanation.

a. I withdraw $200 in currency from my checking account (3 points)

b. the U.S. Treasury distributes to households $20 billion in social security payments, paying with deposits in its Fed account (3 points)

c. The Federal Reserve decreases the required reserve ratio (4 points)

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