Use the Following to Answer Questions

Use the following to answer questions :
Scenario: Money Supply Changes II
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.
-(Scenario: Money Supply Changes II) Look at the scenario Money Supply Changes II. After the withdrawal, reserves _____, and checkable deposits _____.

A) increase by $8,000; increase by $8,000
B) increase by $1,600; decrease by $1,600
C) decrease by $8,000; decrease by $8,000
D) decrease by $1,600; decrease by $1,600