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ANEK [815]
3 years ago
15

Suppose you transfer $1,000 from your checking account to your savings account. how does this action affect the m1 and m2 money

supplies?
Business
1 answer:
NeTakaya3 years ago
3 0
<span>When you transfer $1000 from your checking account to your savings account money supplies m1 being narrow definition just focuses on liquidity falls by $1000 and the money supplies m2 which is a broader definition of money supply remains unchanged.</span>
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