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Rom4ik [11]
3 years ago
7

Which of the following will be affected if consumers take money out of checking accounts to pay their credit cards?A. M1B. M2C.

M3D. M4
Business
1 answer:
Orlov [11]3 years ago
7 0

Answer:

B. M2

Explanation:

M2 refers to a measure of the total supply of money, which includes money at bank and cash. Thus, M2 will be affected if consumers take money out of a checking accounts to pay their credit cards.

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