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Title: Currency held outside banks + demand deposits + travelers checks + other checkable deposits = Post by: caillacakes on Apr 28, 2019 Question 1. Assume that in the country of Salmon, the government tripled the money supply overnight. As a result of this action, the price of a loaf of bread increased from 1 bill to 100 bills. This is an example of ▸ a change in the legal tender. ▸ a change from commodity money to fiat money. ▸ currency debasement. ▸ deflation. Question 2. Currency held outside banks + demand deposits + travelers checks + other checkable deposits = ▸ M3. ▸ M2 - M1. ▸ M3 - M1. ▸ M1. Title: Currency held outside banks + demand deposits + travelers checks + other checkable deposits = Post by: Curtis x9 on Apr 28, 2019 Content hidden
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