Let's assume that Jon has $1,000 in currency that he has been carrying around. Jon decides this is unsafe and...

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Let's assume that Jon has $1,000 in currency that he has been carrying around. Jon decides this is unsafe and deposits the full $1000 into his checking account at The River Bank. By how much has total M1 in the country changed by this transaction alone?

    • 10 years ago
    • 999999.99
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