Suppose you withdraw $1,000 from your checking account and use the funds to buy a certificate of

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Suppose you withdraw $1,000 from your checking account and use the funds to buy a certificate of deposit at your bank. What is the immediate effect of these actions on M1 and M2?

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Money Banking And The Financial System

ISBN: 1801

3rd Edition

Authors: R. Glenn Hubbard, Anthony Patrick O'Brien

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