Multiple Choice
If you deposit $1,000 in cash in your checkable deposit at your bank,the quantity of M1 immediately
A) increases by $1,000.
B) decreases by $1,000.
C) increases by $2,000.
D) does not change in size.
E) changes,but more information about the required reserve ratio is necessary to determine the amount of the change.
Correct Answer:
Verified
Correct Answer:
Verified
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