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Question
If a check was written on Bank A for $100 and Bank B presented the check to Bank A for payment, what will happen to the required reserves for each respective bank after payment is made?
A) Bank Aʹs required reserves increase; Bank Bʹs decrease.
B) Bank Bʹs required reserves increase; Bank Aʹs decrease.
C) Both banks will see an increase in their required reserves.
D) Both banks will see a decrease in their required reserves.
Answer
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Related questions
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Why?
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