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Monetary Aggregates

Monetary Aggregates. Monetary Aggregates. Monetary Aggregates. Monetary Aggregates. Explain the effect of the following transactions on M1. Michael transfers $5000 from his cheque account to a term deposit. Michael deposits cash into his cheque account.

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Monetary Aggregates

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  1. Monetary Aggregates

  2. Monetary Aggregates

  3. Monetary Aggregates

  4. Monetary Aggregates Explain the effect of the following transactions on M1 • Michael transfers $5000 from his cheque account to a term deposit. • Michael deposits cash into his cheque account. • Michael withdraws cash from a savings account via an ATM. • Michael closes his savings account with the balance tranfered to a cheque account. • Michael purchases some clothes for cash. • Michael opens a term deposit using cash. • Michael withdraws cash from a savings account. M1 falls M1 unchanged M1 rises M1 rises M1 unchanged M1 falls M1 rises

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