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The reserve requirement is 10% and Jack withdraws $5000 travel money from his chequable deposit.Assume that banks do not hold any excess reserves and that the public holds no currency,only chequable bank deposits.
-(Scenario: Money Supply Changes) Refer to Scenario: Money Supply Changes.As a result of the withdrawal,excess reserves _____ by _____.


Definitions:

Gender Typing

The process by which society and culture ascribe particular roles, behaviors, or attributes to individuals based on their perceived sex.

Third-sex Category

A concept in some cultures for individuals who do not fit within the traditional binary genders of male and female, recognizing a separate unique gender identity.

Anthropologists

Scientists who study human behavior, cultures, societies, and biological traits, past and present.

American Indian

The indigenous peoples of the United States, also known as Native Americans, recognized for their diverse cultures and history.

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