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Jim Has the Following Assets and Liabilities: Which of the Following

Question 19

Multiple Choice

Jim has the following assets and liabilities: Jim has the following assets and liabilities:   Which of the following actions would decrease Jim's money demand by $200? A)  Jim writes a check for $200 to pay down his credit card balance. B)  Jim sells a $200 government bond and puts the proceeds in his checking account. C)  Jim writes a $200 check for cash and holds the cash. D)  Jim sells $200 worth of stocks and puts the proceeds in his checking account. Which of the following actions would decrease Jim's money demand by $200?


A) Jim writes a check for $200 to pay down his credit card balance.
B) Jim sells a $200 government bond and puts the proceeds in his checking account.
C) Jim writes a $200 check for cash and holds the cash.
D) Jim sells $200 worth of stocks and puts the proceeds in his checking account.

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