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QUESTION
If you cash a $100 traveler's check at a bank, by how much do(es): a) M1 change? b) M2 change? c) bank reserves change?
If you cash a $100 traveler's check at a bank, by how much do(es):a) M1 change?b) M2 change?c) bank reserves change?if you deposit the traveler's check in your bank, by how much do(es):d) M1 change?e) M2 change?f) bank reserves change?
