Answered: When you take 1000 TL from your savings…

When you take 1000 TL from your savings account and deposit it in your checking account, M2 decreases.Is it true or false? And why?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter27: Money And Banking

Section: Chapter Questions

Problem 29P: If you take 100 out of your piggy bank and deposit it in your checking account, how did M1 change?...

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When you take 1000 TL from your savings account and deposit it in your checking account, M2 decreases.Is it true or false? And why?

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