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14.06.2023 12:47
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Suppose your bank lowers its minimum balance requirement to get free checking by

Suppose your bank lowers its minimum balance requirement to get free checking by $500. so you take $500 out of your checking account and put it into your savings account. what is the overall effect on m1 and m2?

m1 falls by $500, m2 rises by $500.

m1 falls by $500, m2 is unchanged.

m1 is unchanged, m2 is unchanged.

m1 is unchanged, m2 rises by $500.
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goat561
goat561
4,7(55 marks)

M1 is unchanged, M2 rises by $500.

Explanation:

Checking account is included in both M1 and M2 unlike savings account which only falls in M2 category. M2 category is less liquid which includes cerificates of deposit etc. M1 only includes money in your possession and public circulation.

nihadsalim10
nihadsalim10
4,4(12 marks)

Organizational chart

Explanation:

An organizational chart is a diagram that visually conveys a company's internal structure by detailing the roles, responsibilities, and relationship between individuals within an entity. Organizational charts either broadly depict an enterprise company-wide or drill down to a specific department or unit.

This is the best device Steryol can use to describe or make the process of understanding the structure of an organisation.

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