If a bank depositor withdraws $1,000 of currency from an account, what happens to reserves, checkable deposits,

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If a bank depositor withdraws $1,000 of currency from an account, what happens to reserves, checkable deposits, and the monetary base?

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The Economics of Money Banking and Financial Markets

ISBN: 978-0133836790

11th edition

Authors: Frederic S. Mishkin

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Question Posted: Nov 03, 2017 04:02 AM

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If a bank depositor withdraws $1,000 of currency from an account, what happens to reserves, checkable deposits,

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Reserves will decrease by 1000 chec...View the full answer

The Economics of Money Banking and Financial Markets

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