Mathematics, 09.11.2020 06:40 amiechap12
Now suppose instead that Jane withdraws $500 from her checking account and uses $300 of this money to pay her federal income tax. After that, she uses $120 to buy a set of used golf clubs from her neighbor who deposits it into his checking account. Finally, she deposits the remaining cash from the $500 withdrawal into her savings account. By what dollar amount does the country's money supply change as a result of Jane's actions?
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Now suppose instead that Jane withdraws $500 from her checking account and uses $300 of this money t...
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