Question
ara has $5,000 in a Citibank time deposit. She withdraws her $1,000 from her savings deposit account, keeps $50 in cash, and deposits the balance
ara has $5,000 in a Citibank time deposit. She withdraws her $1,000 from her savings deposit account, keeps $50 in cash, and deposits the balance in her checkable account at Citibank. What are the immediate changes in M1 and M2?
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Economics Today The Macro View
Authors: Roger LeRoy Miller
19th Edition
0134478762, 978-0134478760
