Skip to main content
M

Assume that jimmy cash has $2000 in his checking account at folsom bank and uses his checking account card to withdraw $200 of cash

Assume that jimmy cash has $2000 in his checking account at folsom bank and uses his checking account card to withdraw $200 of cash from the banks' atm machine. by what dollar amount did the m1 money supply change as a result of this single , isolated transaction?
0
Save

3 Answers

J
Jakob Littel

Feb 20, 2025

It has no effectExplanation:M1 includes the currency and checking accounts. The bank account will decrease by 200 (cheking deposit) and increase currency by 200. So it will be the same as before the transactions.The M1 money supply will not change as a result of this transaction. In other words, M1 contains cash and near cash equivalent, this transaction do not increase or reduce these concepts.... Show More
0
J
Jakob Littel

Feb 20, 2025

you can put this in your 11 sentence summary" most of the money would be invested in innovation, economic convergence."... Show More
0

Want to answer this question?

Join our community to share your knowledge!

Log in Sign up

Categories

Tags

Related Questions

2
Assume these securities are correctly priced. Based on the CAPM, what is the return on the market?

Assume these securities are correctly priced. Based on the CAPM, what is the return on the market?

1
Assuming a circular orbit, how high is this satellite above the surface of the earth?

The International Space Station makes 15.65 revolutions per day in its orbit around the earth.

3
Assuming a half life of 1599 years, how many years will be needed for the decay of 15/16 of given amount of radium-226​

Assuming a half life of 1599 years, how many years will be needed for the decay of 15/16 of given amount of radium-226​

3
Asteroid industries accumulated the following cost information for the year: direct materials $15,200indirect materials 3,200indirect

Asteroid industries accumulated the following cost information for the year: direct materials $15,200indirect materials...

3
At 22 °c an excess amount of a generic metal hydroxide m(oh)2 is mixed with pure water. the resulting equilibrium solution has a

At 22 °c an excess amount of a generic metal hydroxide m(oh)2 is mixed with pure water. the resulting equilibrium soluti...

4
3
At a minimum, you should always have these two versions of a resume saved:

At a minimum, you should always have these two versions of a resume saved:

3
At each calendar year-end, Mazie Supply Co. uses the percent of accounts receivable method to estimate bad debts. On December 31,

At each calendar year-end, Mazie Supply Co. uses the percent of accounts receivable method to estimate bad debts. On Dec...

3
At equilibrium, the concentrations in this system were found to be [ N 2 ] = [ O 2 ] = 0.100 M [N2]=[O2]=0.100 M and [ NO ] = 0.600

At equilibrium, the concentrations in this system were found to be [ N 2 ] = [ O 2 ] = 0.100 M [N2]=[O2]=0.100 M and [ N...

10
at least 8 objects that represent time?

i need at least 8 objects that represent time but i can't seem to figure it out. I don't want to use clocks and watches....