What happens to the reserves of first national bank if one person withdraws some amount of cash

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What happens to the reserves of first national bank if one person withdraws some amount of cash and an other person deposits some other cash

Posted Date: Oct 17, 2021 02:16 PM

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What happens to the reserves of first national bank if one person withdraws some amount of cash

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Expert Answer:

Reserve requirements are the amount of cash that banks must have in their vaults or at the closest Federal Reserve bank in line with deposits made by their customers Set by the Feds board of governors ... View the full answer

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