E1 Determine if the following actions affect the size of M1 and/or M2.Items (6 items) (Drag and drop into the appropriate area below)Barbara closesout her $5,000time deposit andgets cash.Melania usesNancy transfers$10,000 from herMichelle sellssome Exxonstock to buy U.S.Hillary writes a$25,000 check tobuy shares ofstock in GE.Laura writes acheck to pay offher credit cards.some cash to buytraveler's checks.checking accountto her savingsbonds.account.

Money refers to a commodity that is widely used as a means of economic exchange by the general…

Determine if the following actions affect the size of M1 and/or M2. Items (6 items) (Drag and drop into the appropriate area below) Michelle sells Barbara closes out her $5,000 time deposit and gets cash. Hillary writes a $25,000 check to buy shares of stock in GE. Melania uses some cash to buy traveler's checks. Nancy transfers $10,000 from her checking account to her savings Laura writes a check to pay off her credit cards. some Exxon stock to buy U.S. bonds. account.

Determine if the following actions affect the size of M1 and/or M2. Items (6 items) (Drag and drop into the appropriate area below) Michelle sells Barbara closes out her $5,000 time deposit and gets cash. Hillary writes a $25,000 check to buy shares of stock in GE. Melania uses some cash to buy traveler's checks. Nancy transfers $10,000 from her checking account to her savings Laura writes a check to pay off her credit cards. some Exxon stock to buy U.S. bonds. account.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter14: Banking And The Money Supply

Section: Chapter Questions

Problem 3.4P

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