Examlex

Solved

If You Withdraw $500 from Your Savings Account and Deposit

question 29

Short Answer

If you withdraw $500 from your savings account and deposit it in your checking account, then M1 will change by _____ and M2 will change by _____.


Definitions:

Net Sales

Revenue from sales after deducting returns, allowances, and discounts.

Gross Profit Rate

The gross profit rate is the percentage of revenue that exceeds the cost of goods sold, indicating the efficiency of a company in producing and selling its products for a profit.

Net Sales

The amount of sales revenue remaining after deducting returns, allowances for damaged or missing goods, and discounts from the total sales.

Gross Profits

The difference between net sales and the cost of goods sold, indicating the basic profitability of the products or services sold.

Related Questions