The Writing of a $1,000 Check That Is Drawn on Bank

question 315

Multiple Choice

The writing of a $1,000 check that is drawn on Bank A and deposited in Bank B

• A)increases the money supply initially by $1,000.
• B)reduces total reserves of Bank A by $1,000 and increases the total reserves of Bank B by the same amount.
• C)reduces the required reserves of Bank A by $1,000 and increases the required reserves of Bank B by the same amount.
• D)reduces the excess reserves of Bank A by $1,000 and increases the excess reserves of Bank B by the same amount.

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