Whenever currency is deposited in a commercial bank, cash goes out of circulation and, as a result,

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Whenever currency is deposited in a commercial bank, cash goes out of circulation and, as a result, the supply of money is reduced. Do you agree? Explain why or why not.

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Economics

ISBN: 978-0073375694

18th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

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Question Posted: May 23, 2013 07:55 AM

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Whenever currency is deposited in a commercial bank, cash goes out of circulation and, as a result,

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Students should not agree The M1 money supply consists of cur...View the full answer

Economics

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