If you decide to hold $100 less cash than usual and therefore deposit $100 more cash in

Question:

If you decide to hold $100 less cash than usual and therefore deposit $100 more cash in the bank, what eff ect will this have on chequable deposits in the banking system if the rest of the public keeps its holdings of currency constant?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

The Economics Of Money Banking And Financial Markets

ISBN: 978-0134376936

6th Canadian Edition

Authors: Frederic S Mishkin ,Apostolos Serletis

Question Posted: