If jane brown closes her account at the first national bank and uses the money instead to open a money market mutual fund account, what happens to m1? why?

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Business

Chad Booth

11 July, 23:42

If jane brown closes her account at the first national bank and uses the money instead to open a money market mutual fund account, what happens to m1? why?

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Skyler Huerta · Answer 1

On the off chance that Jane Brown shuts her record at the First National Bank promotion utilizes the cash rather to open a currency showcase common reserve account the M1 does not change in light of the fact that the assets that go to the currency advertise shared store are initially saved into the common reserve's ledger.