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Jaime Transfers $2,500 from His Checking Account to His Savings

Question 237

Multiple Choice

Jaime transfers $2,500 from his checking account to his savings account. This transaction will

A) decrease both M1 and M2.
B) not change M1 and decrease M2.
C) decrease M1 and not change M2.
D) increase both M1 and M2.

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