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Assume that Jimmy Cash has $3,000 in his checking account at Folsom Bank and uses his checking account debit card to withdraw $300 of cash

Assume that Jimmy Cash has $3,000 in his checking account at Folsom Bank and uses his checking account debit card to withdraw $300 of cash from the bank's ATM machine.By what dollar amount did theM1 money supply change as a result of this single, isolated transaction?

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