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Meagan deposits $750 from her piggy bank into her checking account at Regions National Bank. The reserve requirement is 10% and the bank has no

Meagan deposits $750 from her piggy bank into her checking account at Regions National Bank. The reserve requirement is 10% and the bank has no excess reserves.

What is the immediate effect on the M1 measure of the money supply of her deposits?

I am thinking that the 750 is an increase to the M1 because it is a checkable deposit but very confused.

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