Solved: Assume that jimmy cash has 3100 in his checking account at, Macroeconomics

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Assume that jimmy cash has 3100 in his checking account at

Assume that Jimmy Cash has $3,100 in his checking account at Folsom Bank and uses his checking account card to withdraw $310 of cash from the bank's ATM machine.

Instructions: Enter your answer as a whole number.

By what dollar amount did the M1 money supply change as a result of this single, isolated transaction?

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Macroeconomics: Assume that jimmy cash has 3100 in his checking account at

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Macroeconomics: Assume that jimmy cash has 3100 in his checking account at

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