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If Traveler's Checks Were $500 Higher and Saving Deposits Were

Question 121

Multiple Choice

If traveler's checks were $500 higher and saving deposits were $1,000 higher, M1 would be


A) $500 higher and M2 would be $1,000 higher
B) $500 higher and M2 would be $1,500 higher
C) M2 and M1 would be $1,500 higher
D) None of the above are correct.

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