A Series of Bank Runs in a Country Should Have

question 215

True/False

A series of bank runs in a country should have no effect on M1+ as money simply moves from chequing deposits to currency.

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Definitions:

Restaurants

Establishments that prepare and serve food and drinks to customers in exchange for money, varying widely in style and cuisine.

Swift Movement

Refers to the quick and efficient motion or transfer of objects, data, or processes from one point to another.

ATMs

Automated Teller Machines, electronic banking outlets that allow people to complete transactions without the need for a branch representative.