Freema Withdraws $1,000 from Her Checking Account to Purchase a $1,000

question 132

Multiple Choice

Freema withdraws $1,000 from her checking account to purchase a $1,000 time-deposit. JAs a result of her transaction,

• A) M1 and M2 decrease.
• B) M1 decreases and M2 increases.
• C) M1 decreases and M2 is unaffected.
• D) M1 and M2 are unaffected.

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Definitions:

Non-merchants

Individuals or entities that do not engage in commercial trading or business practices as their primary occupation.

Different Terms

Disparate conditions or clauses within an agreement or contract that distinguish from one another.

Unconscionable

A term used to describe actions or conditions that are grossly unfair or ethically wrong, often leading to a contract being declared void.

Sales Contract

A legally binding agreement between a buyer and a seller detailing the terms of a sale of goods or services.