Answer:
a M1 would not change.
Explanation:
the checkable deposits are part of M1 as well as the currency and coins. Therefore, a component of M1 decrease (currency) while another of M1 (checkable deposits) increase.
As the banking system works with a 100-percent required reserve there is no multiplier effect from the deposit therefore M1 do not change.
Lender
which is usually the bank
Extended
producer responsibility or EPR is a policy where manufacturers are responsible
for the entire life cycle of their products and packaging, including recycling.
It is used to help promote the integration of all the environmental costs
certain goods throughout its life cycle in the market.
Answer:
The Highest interest rate you can earn on a passbook savings account is 5%
Explanation:
According to the research of 5 Financial institutions in New York the Annual Percentage Yield of a Passbook savings account goes from 1% to 5%.
Bank APY
Apple Bank for Savings 0.10
Emigrant Bank 0.40
Investors Bank 0.50
Provident Bank 0.50
Queens County Svgs Bk 0.50
