Business
Business, 03.08.2021 20:40, Giabear23

​Traveler's checks have no reserve requirements and are included in the M1 measure of the money supply. When people travel during the summer and convert some of their checking account deposits into​ traveler's checks, what happens to the money​ supply? Why?

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​Traveler's checks have no reserve requirements and are included in the M1 measure of the money supp...

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