Multiple Choice
If Joe withdraws a $100 bill from his checking account and Jack deposits another $100 bill in his savings account, by how will M1 and M2 change?
A) M1 will increase, and M2 will increase.
B) Both M1 and M2 will remain the same.
C) M1 will decrease, but M2 will remain the same.
D) M1 will remain the same, and M2 will increase.
E) M2 will decrease by $100.
Correct Answer:
Verified
Correct Answer:
Verified
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