If Justin takes $75 from his cookie jar and deposits it in his checking account,the immediate result is that:

Name: If Justin takes $75 from his cookie jar and deposits it in his checking account,the immediate result is that:
Brand: Quizplus
Rating: 4.8 (55 reviews)

Question

Quizplus · Accepted Answer

M1 includes both cash in circulation and checking account balances. When Justin moves $75 from cash (a component of M1) to his checking account (another component of M1), the total value of M1 remains unchanged because the money is simply shifting forms within the same category.

If Justin Takes $75 from His Cookie Jar and Deposits