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Suppose you have a time deposit worth $1,200 that you withdraw from your bank, by redeeming the time deposit for cash. Use that information to

Suppose you have a time deposit worth $1,200 that you withdraw from your bank, by redeeming the time deposit for cash. Use that information to answer parts a. and b. below.

a. As a result of your withdrawal, did M1 change? If so, by how much did M1 change?

b. As a result of your withdrawal, did M2 change? If so, by how much did M2 change?

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