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Business, 08.04.2020 04:49 JOIful

(Scenario: Money Supply Changes II) Scenario: Money Supply Changes II Charlotte withdraws $8,000 from her checkable bank deposit to pay tuition this semester. Assume that the reserve requirement is 20% and that banks do not hold excess reserves. Look at the scenario Money Supply Changes II. By how much will the money supply contract as a result of the withdrawal?

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