Charlotte withdraws $8,000 from her checkable bank deposit to pay tuition this semester. Assume that the reserve requirement is 20% and that banks do not hold excess reserves.According to the scenario, how will the bank's balance sheet be affected by the withdrawal?a. Reserves decrease by $8,000, and checkable deposits decrease by $8,000b. Reserves increase by $1,600, and checkable deposits decrease by $1,600c. Reserves increase by $8,000, and checkable deposits increase by $8,000d. Reserves decrease by $1,600, and checkable deposits decrease by $1,600
