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