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Other Fields Homework Help Economics Topic started by: johnpaul92 on Jan 30, 2016



Title: Suppose your bank raises its minimum-balance requirement for free checking on checking accounts by $
Post by: johnpaul92 on Jan 30, 2016
Suppose your bank raises its minimum-balance requirement for free checking on checking accounts by $500. You take $500 out of your passbook savings account and put it in your checking account. What is the overall effect on M1 and M2?
A) M1 is unchanged, M2 falls by $500.
B) M1 is unchanged, M2 is unchanged.
C) M1 rises by $500, M2 is unchanged.
D) M1 rises by $500, M2 falls by $500.


Title: Re: Suppose your bank raises its minimum-balance requirement for free checking on checking accounts
Post by: supaman on Feb 4, 2016
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Title: Re: Suppose your bank raises its minimum-balance requirement for free checking on checking accounts by $
Post by: johnpaul92 on Feb 13, 2016
This answers my question, thank you so much


Title: Re: Suppose your bank raises its minimum-balance requirement for free checking on checking accounts by $
Post by: supaman on Feb 14, 2016
Glad to be part of your success ;)