Joe deposits $200 in currency into his checking account at a bank. this deposit is treated as

QUESTION 15 Joe deposits $200 in currency into his checking account at a bank. This deposit is treated as O no change in the

Answer

A deposit in the checkable deposit will not change the money supply as cash in hand and checkable deposit are both part of money supply.

The answer is "A" no change in the money supply because the $200 in currency has been converted to $200 increase in the checkable deposit.

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