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Suppose Maria takes P5000 from her savings account and deposits it in her checking account. What is the change in M1 and M2?

Question

Suppose Maria takes P5000 from her savings account and deposits it in her checking account. What is the change in M1 and M2?
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Solution 1

The change in M1 and M2 due to Maria's action of transferring P5000 from her savings account to her checking account would be as follows:

  1. M1: M1 includes physical currency, demand deposits, traveler's checks, and other checkable deposits. When Maria transfers P5000 from her savings account to he Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
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