The World’s Best Bank (WBB) is the only bank in the country and its T-account is:———————————————————————————————————————–Assets (in $ million) Liabilities (in $ million) ———————————————————————————————————————–Reserves 300 Deposits 600Loans 200Cash held in overseas banks 100 Debt 200Securities 300 Capital (owner’s equity) 100Suppose a foreign depositor withdraws $100 million from his WBB account and transfers the funds to his overseas account. What happens to WBB’s reserve ratio? What happens to the money supply?
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