A change in the fraction of deposits that are not checkable has an effect on ₁.

Question

Quizplus · Accepted Answer

The statement seems to refer to the money supply or banking operations, but it's presented in a garbled format that doesn't clearly relate to known banking principles. Changes in the fraction of deposits that are not checkable (such as savings accounts) can affect the money supply, but the garbled format (₁) does not correspond to a recognizable banking or economic principle.

A Change in the Fraction of Deposits That Are Not