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Questions: 1. Suppose Karen transfers $500 from her saving account to her basic checking account. How will this transaction affect M1 and M2 and why?

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Questions: 1. Suppose Karen transfers $500 from her saving account to her basic checking account. How will this transaction affect M1 and M2 and why? Explain your answer. Text 2. Answer the following questions using the 1St National Bank's balance sheet in the following table. Assume that the bank is \"loaned-up." 1n Natlonal Bank of Kenmaw Total Reserves Required Reserves Excess 3858M

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