Use the information below to answer the following questions Currency in circulation Credit card balances 100 800 3000 1000 300 2000 Bank loans Savings accounts Demaid deposits Stock holdings Money market mutual funds Small denomination time deposits Money market deposit 2000 1000 750 jaccounts Other checkable deposits 1000 MI m2
Use the information below to answer the following questions Currency in circulation Credit card balances 100 800 3000 1000 300 2000 Bank loans Savings accounts Demaid deposits Stock holdings Money market mutual funds Small denomination time deposits Money market deposit 2000 1000 750 jaccounts Other checkable deposits 1000 MI m2
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter14: Money And Banking
Section: Chapter Questions
Problem 8AA
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Question
![Use the information below to answer the following questions.
Currency in circulation
Credit card balances
Bank loans
Savings accounts
Demaed deposits
Stock holdings
Money market mutual
funds
Small denomination time
deposits
Money market deposit
100
800
3000
1000
300
2000
2000
1000
750
jaccounts
Other checkable
deposits
1000
Mi-
m2
If Sam took $100 out of his savings account and put it in his checking account m2 would
(increase
decrease, or not change) and mi would
(increase, decrease, or not change)
You have $2000 in your checking account and a $1000 loan from the bank For you the checking account is an
and for the bank it is ain
For you the loan is aln
and for the
bank the loan is aln](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F30cb82c0-dfd2-4c84-8ba7-c8422397cee7%2F1e52aa4c-efb9-466d-91db-9779e6db8095%2Fannwyzo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Use the information below to answer the following questions.
Currency in circulation
Credit card balances
Bank loans
Savings accounts
Demaed deposits
Stock holdings
Money market mutual
funds
Small denomination time
deposits
Money market deposit
100
800
3000
1000
300
2000
2000
1000
750
jaccounts
Other checkable
deposits
1000
Mi-
m2
If Sam took $100 out of his savings account and put it in his checking account m2 would
(increase
decrease, or not change) and mi would
(increase, decrease, or not change)
You have $2000 in your checking account and a $1000 loan from the bank For you the checking account is an
and for the bank it is ain
For you the loan is aln
and for the
bank the loan is aln
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