3. State the one condition that is necessary for a bank to destroy money and the quantity of money that bank will destroy, if banks' have to back up their deposit customers' checking account balances with reserve assets: ?

The ONE condition that has to exist is: If a Bank has

4. State the combined quantity of money all the banks in multi-bank banking system will destroy, if one bank has to destroy money?

The combined quantity of money that will be destroyed by all the banks in a multi-bank banking system will equal