Yolanda Took $5,000 from Her Checking Account and Put the Money

question 260

Multiple Choice

Yolanda took $5,000 from her checking account and put the money in her savings account at the same bank. Based on that information, which of these is TRUE?

• A) Both M1 and M2 were reduced by $5,000.
• B) M1 went down by $5,000, but M2 was unchanged.
• C) Neither M1 nor M2 changed because the transfer was done at the same bank.
• D) M1 and M2 both rose by $5,000.

Compare financial products and understand the impact of compounding on interest rates and returns.

Evaluate and compare different cash flow scenarios using present value and future value concepts.

Understand the concepts of perpetuities and their valuation.

Apply time value of money concepts to real-world financial decisions.

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Definitions:

Around the World

Often used to describe a global perspective or actions occurring in various parts of the globe.

Cyberdeviance

Cyberdeviance involves behaviors that violate societal norms and occur primarily through digital means or on the internet.

Global Perspective

The ability to understand, analyze, and appreciate the complex interconnectedness of the world and its diverse cultures, economies, and geopolitical issues.

Borderless

Characterizing a world or space where traditional boundaries, be they physical or metaphorical, are transcended, promoting a sense of global unity.