Sara withdraws $1,000 from her savings account at the TD Bank, keeps $50 in cash, and deposits

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Sara withdraws $1,000 from her savings account at the TD Bank, keeps $50 in cash, and deposits the balance in her checking account at the TD Bank. What is the immediate change in M1 and M2?

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Macroeconomics Canada in the Global Environment

ISBN: 978-0321778109

8th edition

Authors: Michael Parkin, Robin Bade

Question Posted: Dec 19, 2015 04:56 AM

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Sara withdraws $1,000 from her savings account at the TD Bank, keeps $50 in cash, and deposits

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M1 increases by 1000 M2 does not change M1 is the sum of currency travelers checks and ch...View the full answer

Macroeconomics Canada in the Global Environment

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