If a person takes $100 from his/her piggy bank at home and buys Canada Savings Bonds, then M1+ will ________ and M2++ will ________.
A) increase; increase
B) not change; increase
C) decrease; increase
D) decrease; not change
E) increase; decrease
Correct Answer:
Verified
Q43: Money's most narrow definition is based on
Q67: Scenario 10.1 Q68: M1++ includes Q69: If households and firms decide to hold Q70: Suppose you withdraw $1,000 from your savings Q74: Most payments in Canada for goods and Q76: One potential advantage of Bitcoin over conventional Q77: If a person withdraws $500 from his/her Q79: If credit card balances rise in the Q99: Suppose you withdraw $1,000 from your savings![]()
A)currency outside banks; and all chequable
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents