Business

Ezra Hartman

27 July, 07:35

The required reserve ratio is 10 percent and Charlie deposits $3,000 in her checking account. The bank must

A. decrease reserves by $3,000.

B. decrease reserves by $300.

C. increase reserves by $3,000.

D. increase reserves by $300.

E. not change its reserves until Charlie decides to withdraw her funds.

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