What is "near" money?
Answer to relevant QuestionsAre Visa and MasterCard part of M1? Why or why not? Explain why Canada gets by without a legal reserve requirement. Suppose you land your first job with Columbia Records in New York City and, after your first week at work, you deposit $100 in your checking account at Chase Manhattan Bank. If the reserve requirement is 10 percent, show how ...Who prints currency for whom? How does the currency finally make its way to the thousands of banks operating in the economy? "In periods of inflation, any attempt by the Fed to increase real GDP through increases in the money supply ends up increasing only the rate of infla tion." What school of economists makes this point? How do they make their ...
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