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Economics 15th Edition by James Gwartney,Richard Stroup,Russell Sobel,David Macpherson
Edition 15ISBN: 978-1285453538Economics 15th Edition by James Gwartney,Richard Stroup,Russell Sobel,David Macpherson
Edition 15ISBN: 978-1285453538 Exercise 12
How would the following influence the growth rates of the M1 and M2 money supply figures over time?
a. an increase in the quantity of U.S. currency held overseas
b. a shift of funds from interest-earning checking deposits to money market mutual funds
c. a reduction in the holdings of currency by the general public because debit cards have become more popular and widely accepted
d. the shift of funds from money market mutual funds into stock and bond mutual funds because the fees to invest in the latter have declined
a. an increase in the quantity of U.S. currency held overseas
b. a shift of funds from interest-earning checking deposits to money market mutual funds
c. a reduction in the holdings of currency by the general public because debit cards have become more popular and widely accepted
d. the shift of funds from money market mutual funds into stock and bond mutual funds because the fees to invest in the latter have declined
Explanation
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(a) Currency is component of both M1 and...
Economics 15th Edition by James Gwartney,Richard Stroup,Russell Sobel,David Macpherson
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