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Joan Has the Following Assets and Liabilities Which of the Following Actions Would Decrease Joan's Money Demand

Question 12

Multiple Choice

Joan has the following assets and liabilities:  Credit card balarice $1,000 Cash $200 Goverzunent bonds $3,000 Stock $4,000 Checking $1,500 Car loar balarice $10,000 Car $15,000\begin{array} { | l | r | } \hline \text { Credit card balarice } & \$ 1,000 \\\hline \text { Cash } & \$ 200 \\\hline \text { Goverzunent bonds } & \$ 3,000 \\\hline \text { Stock } & \$ 4,000 \\\hline \text { Checking } & \$ 1,500 \\\hline \text { Car loar balarice } & \$ 10,000 \\\hline \text { Car } & \$ 15,000\end{array}  
Which of the following actions would decrease Joan's money demand by $200?


A) Joan writes a check for $200 to purchase additional shares of stock.
B) Joan gets a $200 cash advance on her credit card and puts the proceeds in her checking account.
C) Joan writes a $200 check for cash and holds the cash.
D) Joan sells $200 worth of stocks and puts the proceeds in her checking account.

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