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

Question

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] · Answer 1 · 2022-06-11T17:18:15+03:00

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.