ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Assume that Jones deposits $500 in currency into her checkable deposit account (Trxn AC) in First National Bank. A half-hour later Smith obtains a loan for $750 at this bank. By how much and in what direction has the money supply changed? Explain.
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