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Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969 Exercise 3
Evaluate the effects of the following changes on the demand for M 1 and M 2. Which of the functions of money do they relate to
a. "Instant-cash" machines that allow 24-hour withdrawals from savings accounts at banks.
b. The employment of more tellers at your bank.
c. An increase in inflationary expectations.
d. Widespread acceptance of credit cards.
e. Fear of an imminent collapse of the government.
f. A rise in the interest rate on time deposits.
g. The rise of e-commerce.
a. "Instant-cash" machines that allow 24-hour withdrawals from savings accounts at banks.
b. The employment of more tellers at your bank.
c. An increase in inflationary expectations.
d. Widespread acceptance of credit cards.
e. Fear of an imminent collapse of the government.
f. A rise in the interest rate on time deposits.
g. The rise of e-commerce.
Explanation
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Money is the medium of exchange which fa...
Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
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