Suppose Alyssa has $10,000 in cash. She deposits $3,000 into her checking account and $5,000 in...
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Suppose Alyssa has $10,000 in cash. She deposits $3,000 into her checking account and $5,000 in her savings account. Then, she uses a credit card to purchase $1,000 worth of scuba gear. She has not yet paid for the credit purchase. What is the change in the M1 money supply? -$5,000 -$2,000 -$8,000 -$9,000 Suppose Alyssa has $10,000 in cash. She deposits $3,000 into her checking account and $5,000 in her savings account. Then, she uses a credit card to purchase $1,000 worth of scuba gear. She has not yet paid for the credit purchase. What is the change in the M1 money supply? -$5,000 -$2,000 -$8,000 -$9,000
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Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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