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.
Correct Answer:
Verified
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