ECON 201 SUMMER I 2018 E21 Ralph Saint Felix&6/29/18 6:40 PM Homework: Final Exa

Question

ECON 201 SUMMER I 2018 E21 Ralph Saint Felix&6/29/18 6:40 PM Homework: Final Exam Score: 0 of 1 pt Multiple Choice Quiz 3 Save 9 of 16 (0 complene) Hw Score: 0%, O of 16pts EQuestion Help Rick withdraws $500 trom his savings account, keeps $100 as oumenc, and depoeils $400 in his checking aocount O A Mi ncneasos ty 400 and M2 decreas by $600 OB. MI increases by S500 and M2 does not change O C. M1 does not change, but M2 decreases by $40 O D. M1 does not change, but M2 decreases by $500 Cick to select your answer and then click Check Anawer All parts showing Clear All Check Answer

Explanation / Answer

M1 includes only the cash and the checking deposits. And the M2 includes M1+the near such as the savings deposits, money market securities, mutual funds and other time deposits.

So the ans: M1 increases by 500 and M2 does not change. (remeber M2 includes the M1).

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