If Traveler's Checks Were $1000 Higher and Saving Deposits Were

question 30

Multiple Choice

If traveler's checks were $1000 higher and saving deposits were $500 higher, M1 would be

• A)$500 higher and M2 would be $1,500 higher.
• B)$1,000 higher and M2 would be $1,500 higher.
• C)M2 and M1 would be $1,500 higher.
• D)$1,000 high and M2 would be $500 higher.