When an Individual Deposits Currency into a Chequing Account

question 14

Multiple Choice

When an individual deposits currency into a chequing account,

• A) bank reserves increase,which increases the amount banks can lend,thereby increasing the money supply.
• B) bank reserves decrease,which reduces the amount banks can lend,thereby reducing the money supply.
• C) bank reserves are unchanged.
• D) bank reserves decrease,which increases the amount banks can lend,thereby increasing the money supply.
• E) bank reserves increase,which reduces the amount banks can lend,thereby reducing the money supply.

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