If a check was written on Bank A for $100 and Bank B presented the check to Bank A for payment, what will happen to the required reserves for each respective bank after payment is made?
A) Both banks will see a decrease in their required reserves.
B) Bank A's required reserves increase; Bank B's decrease.
C) Bank B's required reserves increase; Bank A's decrease.
D) Both banks will see an increase in their required reserves.
C
Economics
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