Serena has a transactions account at Socorro Bank. She writes a check for $250 and gives it to Billy, who has?Serena has a transactions account at Socorro Bank. She writes a check for $250 and gives it to Billy, who has an account at Brownville Bank. Billy deposits the check in his account. The required reserve ratio is 0.20. This transaction has which of the following effects? A. Increases the total reserves of... |