If a person withdraws $500 from his/her checking account and holds it as currency,then M1 will ________ and M2 will ________.
A) increase; decrease
B) not change; not change
C) not change; increase
D) decrease; increase
E) decrease; decrease
Correct Answer:
Verified
Q60: The most liquid measure of money supply
Q61: The M2 measure of the money supply
Q62: If households in the economy decide to
Q63: Scenario 14-1 Q64: M2 includes M1 plus Q66: A person's wealth Q67: Credit card balances are Q68: Most payments in the United States for Q69: M1 includes Q70: In the United States,currency includes
A)currency in circulation,checking account
A)is a measure of how
A)part of M1.
B)part of
A)currency in circulation,checking account deposits in
A)gold,silver,and paper money.
B)checking
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