If Wolfgang transfers $1,000 out of his chequable deposit account and places it in his non-chequable deposit account,
A) M1 and M2 fall.
B) M1 falls and M2 rises.
C) M1 falls and M3 rises.
D) M1 falls and M2 remains the same.
E) M1 rises and M2 remains the same.
Correct Answer:
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