If Ann were to convert some of her checkable deposits into a certificate of deposit,which of the following changes would take place?
A) M1 would decrease and then increase; M2 would increase and then decrease.
B) There would be no changes to M1 or M2.
C) M1 would decrease; there would be no change in M2.
D) Both M1 and M2 would increase.
E) Both M1 and M2 would decrease.
Correct Answer:
Verified
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