Suppose that $1,000 is moved from a savings account at a commercial bank to a checking account
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Suppose that $1,000 is moved from a savings account at a commercial bank to a checking account at the same bank. Which of the following statements are true and which are false?
a. The amount of currency in circulation will fall.
b. M1 will increase.
c. M2 will increase.
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a False Neither a checking account nor a savings account is counted as currenc...View the full answer
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Related Book For
Economics A Contemporary Introduction
ISBN: 9781305505469
11th Edition
Authors: William A. McEachern
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