Multiple Choice
John and Jane decide to go on a vacation. As a result, they withdraw $2,500 from their savings account to purchase $2,500 worth of traveler's checks. As a result of these changes,
A) M1 increases by $2,500 and M2 decrease by $2,500.
B) M1 increases by $2,500 and M2 stays the same.
C) M1 and M2 stay the same.
D) M1 decreases by $2,500 and M2 increases by $2,500.
Correct Answer:

Verified
Correct Answer:
Verified
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