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2. Monica transfers $10,000 from her savings account at the Bank of Alaska to her money market fund. What is the immediate ch
Question 3 0.17 pts 2. When Monica transfers $10,000 from her savings account to her money market account, the immediate chan
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Answer #1

1> Savings account and money market fund are both near money, so they are part of M2 but not part of M1.

So, there is no change in M1 or M2

2> D

Since there is no change in any component in M1 as explained in part 1, there is no change in M1

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