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Suppose you have $2000 in currency in a shoebox in your closet. One day, you decide to deposit the money in a checking account.

Suppose you have $2000 in currency in a shoebox in your closet. One day, you decide to deposit the money in a checking account. How will this action affect the M1 and M2 definitions of the money supply?

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Both M1 and M2... View the full answer

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