Scenario 14-1   Currency                                    …

Scenario 14-1   Currency                                                          $1,000 Checking Account Balances                              2,000 Savings Account Balances                                5,000 Small-Denomination Time Deposits                 6,000 Noninstitutional Money Market Fund Shares   7,000 Consider the information above for a simple economy. Assume there are no traveler’s checks. Refer to Scenario 14-1. M1 in this simple economy equals

According to OER Chapter 14, _________ reasoning happens whe…

According to OER Chapter 14, _________ reasoning happens when we look around at various happenings, objects, behavior, etc., and see patterns. From those patterns we develop conclusions. There are four types of this, based on different kinds of evidence and logical moves or jumps.