What happens to M1 when Serena withdraws $1000 from a checking account and places it in her purse? a.It increases by $1000 b.It increases by more than $1000 because of the money multiplier effect...



What happens to M1 when Serena withdraws $1000 from a checking account and places it in her purse?




a.It increases by $1000


b.It increases by more than $1000 because of the money multiplier effect


c.Nothing. It does not change.


d.It decreases by more than $1000 because of the money multiplier effect


e.It decreases by $1000





Jun 08, 2022
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