If you cash a $100 travelers check at a bank, by how much do(es) (a) M1 change?
Question:
If you cash a $100 traveler’s check at a bank, by how much do(es)
(a) M1 change?
(b) M2 change?
(c) bank reserves change?
If you deposit the traveler’s check in your bank account, by how much do(es)
(d) M1 change?
(e) M2 change?
(f) bank reserves change?
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a No change b No change c No change d No change e No change f Increase by 100 Feedback a If a travel...View the full answer
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Related Book For
The Macro Economy Today
ISBN: 978-1259291821
14th edition
Authors: Bradley R. Schiller, Karen Gebhardt
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