Business, 29.07.2021 02:00 rscott400

Which of the following statements about the monetary aggregates is true? a. The growth rates of M1 and M2 always track each other closely.
b. M1 is greater than M2.
c. When the growth rate of M2 increases, the growth rate of M1 must also increase.
d. When you transfer funds from your savings account to your checking account, M1 increases and M2 stays the same.

Given that, in billions of U. S. dollars, we have in currency, in demand deposits, in traveler's checks, in savings deposits, and in other checkable deposits. The total M1 amount in this economy is $

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Which of the following statements about the monetary aggregates is true? a. The growth rates of M1...