Question: Question 1 3 2 points Lucia withdraws $$ 8 , 0 0 0 from her checking account to pay tuition this semester. Assume that the

Question 13
2 points
Lucia withdraws $$8,000 from her checking account to pay tuition this semester. Assume that the reserve requirement is 201% and that banks do not hold excess reserves. By how much will the money supply contract as a result of the withdrawal?
$40,000
$32,000
$8,000
$0
Question 1 3 2 points Lucia withdraws $$ 8 , 0 0

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