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Macroeconomics 9th Edition by David Colander
Edition 9ISBN: 978-0077501860Macroeconomics 9th Edition by David Colander
Edition 9ISBN: 978-0077501860 Exercise 41
State the immediate effect of each of the following actions on M 1 and M 2 :
a.Barry writes his plumber a check for $200.he plumber takes the check to the bank, keeps $50 in cash, and deposits the remainder in his savings account.
b.Maureen deposits the $1,000 from her CD in a money market mutual fund.
c.Sylvia withdraws $50 in cash from her savings account.
d.Paulo cashes a $100 traveler's check that was issued in his Ohio bank at a New York bank.
a.Barry writes his plumber a check for $200.he plumber takes the check to the bank, keeps $50 in cash, and deposits the remainder in his savings account.
b.Maureen deposits the $1,000 from her CD in a money market mutual fund.
c.Sylvia withdraws $50 in cash from her savings account.
d.Paulo cashes a $100 traveler's check that was issued in his Ohio bank at a New York bank.
Explanation
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M1 is considered as one of the measure o...
Macroeconomics 9th Edition by David Colander
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