Which of the following activities will affect a bank’s required reserves?
a.The local Girl Scout troop collects coins and currency to buy a new camping stove. The troop deposits $250 in coins and opens a small time deposit.
b.You decide to move $200 from your MMDA to your NOW account.
c.Sell your car to the teller at your bank for $5,000. The teller pays with a check drawn on the bank, and you deposit the check immediately into your checking account at the bank.