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Trava [24]
3 years ago
10

If Steffi withdraws​ $400 in cash from her checking​ account, then

Business
1 answer:
Mice21 [21]3 years ago
7 0

Answer:

The correct answer to the following question is option B) the amount of reserves would decline.

Explanation:

If a person like in this case Steffi , withdraws $400 in cash from her checking account , then there would be an obvious decline in the bank reserves by $400 but here the monetary base would remain unchanged as by taking out the money in cash , the amount money supply among the people in the economy would increase . So therefore the correct option is B .

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