Jonathan withdraws $5,000 from his checkable bank deposit to pay tuition this quarter. Assume that the reserve requirement is 25% and that banks do not made)? hold excess reserves. By how much will the money supply contract in total as a result of the withdrawal (after all the consecutive rounds of loans have been (Hint: money supply-currency in circulation + checkable bank deposits) $0 $15,000 $20,000 $5,000