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Which of These Transactions Results in an Increase in M1

Question 32

Multiple Choice

Which of these transactions results in an increase in M1?


A) withdrawal of $100 cash from your checking account
B) certificate of deposit matures,adding $520 to your checking account
C) depositing a bank loan of $400 into your savings account
D) depositing a $300 paycheck into your savings account
E) none of the above

Correct Answer:

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