What Effect Would a Withdrawal of Currency from Your Credit

question 144

Multiple Choice

What effect would a withdrawal of currency from your credit union savings account have?

• A)It would increase M2 but have no effect on M2+.
• B)It would decrease both M2 and M2+.
• C)It would increase both M2 and M2+.
• D)It would decrease M2+ but have no effect on M2.

---

Definitions:

Bank Statement

A monthly or quarterly document provided by a bank summarizing the transactions, including deposits and withdrawals, that occurred in a specific account.

Service Charge

A fee collected to pay for services related to the primary product or service being purchased.

Interest

The cost of borrowing money or the payment received for lending money, usually expressed as a percentage over a period of time.

Check Register

A record maintained by account holders to track checks written, deposits made, and the current balance of a checking account.