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Business, 31.08.2019 03:40 lillysiege

Charlotte withdraws $8,000 from her checkable bank deposit to pay tuition this semester. assume that the reserve requirement is 20% and that banks do not hold excess reserves. look at the scenario money supply changes ii. by how much will the money supply contract as a result of the withdrawal?

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Charlotte withdraws $8,000 from her checkable bank deposit to pay tuition this semester. assume that...
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