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Frank Decides to Use His Credit Card to Purchase a New

Question 22

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.

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