Multiple Choice
Frank decides to use his credit card to purchase a new television.The immediate consequence of this purchase would be
A) a decrease in M1 and an increase in M2.
B) an increase in M1 and an increase in M2.
C) no changes to M1 or M2.
D) a decrease in M1 and a decrease in M2.
E) an increase in M1 and a decrease in M2.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q17: Which of the following would NOT be
Q18: If a bank has a required reserve
Q19: What limits the moral hazard problem in
Q20: Money serves as a store of value
Q21: Money serves as a unit of account
Q23: Which of the following events could cause
Q24: If Brian were to give cash to
Q25: If Ann were to convert some of
Q26: Which of the following CANNOT be found
Q27: Why does changing the reserve requirement prove