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Author Question: Currency held outside banks + demand deposits + travelers checks + other checkable deposits = (Read 103 times)

RODY.ELKHALIL

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on: Apr 19, 2019

Question 1

Assume that in the country of Salmon, the government tripled the money supply overnight. As a result of this action, the price of a loaf of bread increased from 1 bill to 100 bills. This is an example of


◦ a change in the legal tender.
◦ a change from commodity money to fiat money.
◦ currency debasement.
◦ deflation.

Question 2

Currency held outside banks + demand deposits + travelers checks + other checkable deposits =


◦ M3.
◦ M2 - M1.
◦ M3 - M1.
◦ M1.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by RODY.ELKHALIL on Apr 19, 2019

HandsomeMarc

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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RODY.ELKHALIL

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

juliaf

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Reply 3 on: Yesterday
Wow, this really help

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