If you have kept savings in a retail money market fund, and you withdraw funds that are then deposited in your checking account, which of the following is true? Both M1 and M2 decrease. Both M1 and M2 increase. M1 stays the same and M2 increases. O M1 increases and M2 stays the same.
If you have kept savings in a retail money market fund, and you withdraw funds that are then deposited in your checking account, which of the following is true? Both M1 and M2 decrease. Both M1 and M2 increase. M1 stays the same and M2 increases. O M1 increases and M2 stays the same.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter27: Money And Banking
Section: Chapter Questions
Problem 29P: If you take 100 out of your piggy bank and deposit it in your checking account, how did M1 change?...
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