Explain how each of these events affects the amount of M1 that people hold. a. ATMs are

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Explain how each of these events affects the amount of M1 that people hold.
a. ATMs are invented.
b. Credit cards are invented.
d. Debit cards are invented.
d. Stored-value cards are invented.
e. Interest rates on bonds rise.

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Money Banking and Financial Markets

ISBN: 978-1429244091

2nd edition

Authors: Laurence M. Ball

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Question Posted: Dec 05, 2015 03:39 AM

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Explain how each of these events affects the amount of M1 that people hold. a. ATMs are

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a The ATM automatic teller machine now gives you 24hour access to your checking account whereas before you had to go to a live person in a bank branch ...View the full answer

Money Banking and Financial Markets

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