If a person moves $1,000 from a small-denomination time deposit to a demand deposit account, Select one: O Ml increases and M2 decreases. M1 decreases and M2 stays the same. O M1 stays the same and M2 increases. O M1 increases and M2 stays the same.
If a person moves $1,000 from a small-denomination time deposit to a demand deposit account, Select one: O Ml increases and M2 decreases. M1 decreases and M2 stays the same. O M1 stays the same and M2 increases. O M1 increases and M2 stays the same.
Chapter14: Money And The Federal Reserve System
Section: Chapter Questions
Problem 17SQ
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