If you take four (4) $100 bills out of your secret hiding place and deposit them into your savings account at your local bank, M1 will __________ and M2 will _________. Increase $400; increase $400 Decrease $400; decrease $400 Increase $400; decrease $400 Decrease $400; increase $400

If you take four (4) $100 bills out of your secret hiding place and deposit them into your savings account at your local bank, M1 will __ and M2 will _. Increase $400; increase $400 Decrease $400; decrease $400 Increase $400; decrease $400 Decrease $400; increase $400

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter19: Money Creation

Section: Chapter Questions

Problem 7SQ

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Question

If you take four (4) $100 bills out of your secret hiding place and deposit them into your savings

account at your local bank, M1 will __________ and M2 will _________.

Increase $400; increase $400
Decrease $400; decrease $400
Increase $400; decrease $400
Decrease $400; increase $400

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