Macroeconomics: Private and Public Choice
Macroeconomics: Private and Public Choice
15th Edition
ISBN: 9781285453545
Author: Russell Sobel; Richard Stroup; James Gwartney; David Macpherson
Publisher: South-Western College Pub
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Chapter 13, Problem 6CQ

(a)

To determine

Identify the impact on the supply of money when withdrawing money from the checking account.

(b)

To determine

Identify the impact on the reserve of the bank when withdrawing money from the checking account.

(c)

To determine

Identify the impact on the excess reserve of the bank when withdrawing money from checking account.

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