If Ralph were to receive cash from his sister and he deposited it into his checking account,which of the following changes would occur?
A) M1 and M2 would remain unchanged.
B) M1 would decrease; M2 would increase.
C) Both M1 and M2 would increase.
D) Both M1 and M2 would decrease.
E) M1 would increase; M2 would decrease.
Correct Answer:
Verified
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