The required reserve ratio is 10 percent and Charlie deposits $3,000 in her checking account. The bank must
A. decrease reserves by $3,000.
B. decrease reserves by $300.
C. increase reserves by $3,000.
D. increase reserves by $300.
E. not change its reserves until Charlie decides to withdraw her funds.
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Home » Business » The required reserve ratio is 10 percent and Charlie deposits $3,000 in her checking account. The bank must A. decrease reserves by $3,000. B. decrease reserves by $300. C. increase reserves by $3,000. D. increase reserves by $300. E.