For each of the following transactions, what is the initial effect (increase or decrease) on m1? on m2? a. you sell a few shares of stock and put the proceeds into your savings account. b. you sell a few shares of stock and put the proceeds into your checking account. c. you transfer money from your savings account to your checking account. d. you discover $0.25 under the floor mat in your car and deposit it in your checking account. e. you discover $0.25 under the floor mat in your car and deposit it in your savings account. 2. there are three types of money: commodity money, commodity-backed money, and fiat money. which type of money is used in each of the following situations? a. bottles of rum were used to pay for goods in colonial australia.
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For each of the following transactions, what is the initial effect (increase or decrease) on m1? on...
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