Problem
Suppose it is the holiday season and you withdraw $1,000 from your account at First National Bank to purchase presents. Using a balance sheet, show the impact on this bank's assets and liabilities. If the required reserve ratio is 20 percent, what is the impact on the bank's loans?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.