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The two definitions of money supply in the economy are M1 and M2.
M1 money supply takes into account the most liquid assets such as cash (coins and currency in circulation), checking account deposits in bank or demand deposits and traveller’s checks. On the other hand, M2 is much less liquid and it consists of M1 + savings account balances, money market funds, time deposits and certificates.
Savings account comes under M2 and checking account comes under M1.
Moreover, it is to be noted that M1 is included in M2.
So, if I move $100 from my savings account to my checking account, then M1 increases by $100. However, since M1 is included in M2, M2 does not change at all.
Thus, Option 2 is the correct answer.
Add Answer to:
Say I move $100 from my savings account to my checking account. Which of the following...
If Mrs. Ethridge moves $3,000 from her savings account into her checking account: M1 stays the...
If Mrs. Ethridge moves $3,000 from her savings account into her checking account: M1 stays the same, M2 decreases, and the system becomes less liquid. Ml increases, M2 decreases, and the system becomes more liquid. M1 increases, M2 stays the same, and the system becomes more liquid. Mlincreases, M2 increases, and the system becomes less liquid. M2 includes M1 plus all of the following except: savings deposits. money market accounts. U.S. Treasury Bonds small-denomination time deposits. Reserve requirement on commercial...
3. Terry takes $100 from his checking account and deposits the $100 in his savings account....
3. Terry takes $100 from his checking account and deposits the $100 in his savings account. What is the immediate change in M1 and M2? Show your work Formula Calculation Answer Question 5 0.17 pts 3. When Terry takes $100 from his checking account and deposits the $100 in his savings account, the immediate change in M1 is O M1 increases by $100 O M1 decreases by $100 O M1only decreases by $50 O M1 does not change.
pls do 35-40 35. When moving $500 from your checking account to your savings account this...
pls do 35-40
35. When moving $500 from your checking account to your savings account this transaction will impact the M1 and M2 money supplies by a. decreasing the M1 by $500. The M2 will be unchanged. b. decreasing the M1 by $500 and increasing the M2 by $500. c. not affecting the M1. But the M2 will increase by $500. d. not affecting the M1 and M2. Both will be unchanged. 36. The funds that banks are required by...
Two friends decide to go on a vacation. They withdraw $2,500 from their savings account. As...
Two friends decide to go on a vacation. They withdraw $2,500 from their savings account. As a result of this transfer by itself A. M1 decreases by $2,500 and M2 stays the same. B. M1 increases by $2,500 and M2 stays the same. C. M1 decreases by $2,500 and M2 decreases by $2,500. D. M1 increases by $2,500 and M2 decreases by $2,500.
2. Multiple Choice Question #2 Sara withdraws $2,000 from her small time deposit account at Bank...
2. Multiple Choice Question #2 Sara withdraws $2,000 from her small time deposit account at Bank of America, keeps $400 in cash, and deposits the rest in her checking account at Citibank. What is the immediate change in M1 and M2? O M1 increases by $400 and M2 decreases by $400. O M1 and M2 increase by $2,000. O M1 increases by $2,000 and there is no change in M2. O M1 increases by $2,000 and M2 decreases by M2.
answer every single picture QUESTION 5 Suppose James transfers $500 from his checking account to...
answer every single picture
QUESTION 5 Suppose James transfers $500 from his checking account to his savings account. As a result of this action, OM1 stays the same and M2 falls. M1 falls and M2 stays the same. OBoth M1 and M2 fall. OBoth M1 and M2 stay the same. We were unable to transcribe this image1 poi QUESTION 7 Suppose the required reserve ratio is 25%. Assuming that banks hold no excess reserves and consumers hold no cash, this...
2. Monica transfers $10,000 from her savings account at the Bank of Alaska to her money...
2. Monica transfers $10,000 from her savings account at the Bank of Alaska to her money market fund. What is the immediate change in M1 and M2? Show your work. Formula Calculation Answer Question 3 0.17 pts 2. When Monica transfers $10,000 from her savings account to her money market account, the immediate change in M1 is: O M1 increases by $10,000. o M1 decreases by $10,000. O M1 only increases by $5,000 O M1 does not change.
C++ Design and implement a hierarchy inheritance system of banking, which includes Savings and Checking accounts...
C++ Design and implement a hierarchy inheritance system of banking, which includes Savings and Checking accounts of a customer. Inheritance and virtual functions must be used and applied, otherwise, there is no credit. The following features must be incorporated: 1. The account must have an ID and customer’s full name and his/her social security number. 2. General types of banking transactions for both accounts, Checking and Savings: withdraw, deposit, calculate interest (based on the current balance, and if it was...
Question 9 (1 point) Which of the following is not considered a function of money? Question...
Question 9 (1 point) Which of the following is not considered a function of money? Question 9 options: it facilitates exchange it acts as a means of payment it can be held and exchanged for future goods and services it allows banks to lend out funds all of the above are functions of money Question 10 (1 point) Suppose that I find out from a L.L. Bean catalogue that a sweater costs $45. In this case, money is serving as...
Incorrect Question 21 0/1 pts Lulu withdraws $100 cash from her deposit account at Mid First...
Incorrect Question 21 0/1 pts Lulu withdraws $100 cash from her deposit account at Mid First bank (Assume Mid First had the funds in excess reserve). The immediate result is M1_ and M2 o increases/decreases o increases/does not change O does not change/does not change O decreases/increases decreases/does not change
If Mrs. Ethridge moves $3,000 from her savings account into her checking account: M1 stays the same, M2 decreases, and the system becomes less liquid. Ml increases, M2 decreases, and the system becomes more liquid. M1 increases, M2 stays the same, and the system becomes more liquid. Mlincreases, M2 increases, and the system becomes less liquid. M2 includes M1 plus all of the following except: savings deposits. money market accounts. U.S. Treasury Bonds small-denomination time deposits. Reserve requirement on commercial...
3. Terry takes $100 from his checking account and deposits the $100 in his savings account. What is the immediate change in M1 and M2? Show your work Formula Calculation Answer Question 5 0.17 pts 3. When Terry takes $100 from his checking account and deposits the $100 in his savings account, the immediate change in M1 is O M1 increases by $100 O M1 decreases by $100 O M1only decreases by $50 O M1 does not change.
pls do 35-40
35. When moving $500 from your checking account to your savings account this transaction will impact the M1 and M2 money supplies by a. decreasing the M1 by $500. The M2 will be unchanged. b. decreasing the M1 by $500 and increasing the M2 by $500. c. not affecting the M1. But the M2 will increase by $500. d. not affecting the M1 and M2. Both will be unchanged. 36. The funds that banks are required by...
2. Multiple Choice Question #2 Sara withdraws $2,000 from her small time deposit account at Bank of America, keeps $400 in cash, and deposits the rest in her checking account at Citibank. What is the immediate change in M1 and M2? O M1 increases by $400 and M2 decreases by $400. O M1 and M2 increase by $2,000. O M1 increases by $2,000 and there is no change in M2. O M1 increases by $2,000 and M2 decreases by M2.
answer every single picture
QUESTION 5 Suppose James transfers $500 from his checking account to his savings account. As a result of this action, OM1 stays the same and M2 falls. M1 falls and M2 stays the same. OBoth M1 and M2 fall. OBoth M1 and M2 stay the same. We were unable to transcribe this image1 poi QUESTION 7 Suppose the required reserve ratio is 25%. Assuming that banks hold no excess reserves and consumers hold no cash, this...
2. Monica transfers $10,000 from her savings account at the Bank of Alaska to her money market fund. What is the immediate change in M1 and M2? Show your work. Formula Calculation Answer Question 3 0.17 pts 2. When Monica transfers $10,000 from her savings account to her money market account, the immediate change in M1 is: O M1 increases by $10,000. o M1 decreases by $10,000. O M1 only increases by $5,000 O M1 does not change.
Incorrect Question 21 0/1 pts Lulu withdraws $100 cash from her deposit account at Mid First bank (Assume Mid First had the funds in excess reserve). The immediate result is M1_ and M2 o increases/decreases o increases/does not change O does not change/does not change O decreases/increases decreases/does not change
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