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If a Person Withdraws $500 from His/her Checking Account and Holds

Question 171

Multiple Choice

If a person withdraws $500 from his/her checking account and holds it as currency,then M1 will ________ and M2 will ________.


A) increase; decrease
B) not change; not change
C) not change; increase
D) decrease; increase
E) decrease; decrease

Correct Answer:

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