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Business, 03.12.2021 06:20 samstuart10p3g96w

The reserve requirement is 10%, and Olga withdraws $3,000 for travel money from her checking account. Assume that banks do not hold excess reserves and that the public holds only checkable bank deposits, i. e., no currency. As a result of the withdrawal, required reserves by . decrease; $300 increase; $300 decrease; $3,000 increase; $3,000

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The reserve requirement is 10%, and Olga withdraws $3,000 for travel money from her checking account...
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