Derek Decides to Forego a Major Appliance Purchase and Save

Multiple Choice

Derek decides to forego a major appliance purchase and save the money. He transfers $2,100 from his checking account to his savings account. As a result of this transfer by itself

A) M1 increases by $2,100 and M2 stays the same.
B) M1 increases by $2,100 and M2 increases by $2,100.
C) M1 decreases by $2,100 and M2 increases by $2,100.
D) M1 decreases by $2,100 and M2 stays the same.