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If $10 Million Is Withdrawn from the Nation's Money Market

Question 13

Multiple Choice

If $10 million is withdrawn from the nation's money market deposit accounts and is deposited in various checkable deposit accounts, then


A) M1 and M2 will remain unchanged.
B) M1 and M2 will increase.
C) M1 will increase, M2 will decrease.
D) M1will increase and M2 will remain unchanged.

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