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Cuba Cuba
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8 years ago
What will happen to the sizes of the M1 money supply and the M2 money supply if the following transactions take place?

a.    Tasha withdraws $3,000 from her checking account and holds it as currency.
b.    Arturo withdraws $3,000 from his savings account and deposits it in his checking account.
c.    Benjamin withdraws 3,000 from his savings account and puts it in a certificate of deposit (CD).
d.    Marisol withdraws $3,000 from her home safe and deposits it in her savings account.
Textbook 
Economic Analysis of Social Issues

Economic Analysis of Social Issues


Edition: 1st
Author:
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IloveChiIloveChi
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8 years ago
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Cuba Author
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#2
8 years ago
Exactly what I needed, thanks a million.
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#3
8 years ago
Cool! Good luck with your exams.
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