Joan Has the Following Assets and Liabilities Which of the Following Actions Would Decrease Joan's Money Demand

question 12

Multiple Choice

Joan has the following assets and liabilities: $$\begin{array} { | l | r | } \hline \text { Credit card balarice } & \$ 1,000 \\\hline \text { Cash } & \$ 200 \\\hline \text { Goverzunent bonds } & \$ 3,000 \\\hline \text { Stock } & \$ 4,000 \\\hline \text { Checking } & \$ 1,500 \\\hline \text { Car loar balarice } & \$ 10,000 \\\hline \text { Car } & \$ 15,000\end{array}$$  
Which of the following actions would decrease Joan's money demand by $200?

• A)Joan writes a check for $200 to purchase additional shares of stock.
• B)Joan gets a $200 cash advance on her credit card and puts the proceeds in her checking account.
• C)Joan writes a $200 check for cash and holds the cash.
• D)Joan sells $200 worth of stocks and puts the proceeds in her checking account.

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Definitions:

Strategies

Planned actions or tactics designed to achieve a specific goal or overcome obstacles.

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An individual who consistently operates at the maximum of their abilities and achieves top results.

Habits

Regular patterns of behavior that are often performed unconsciously and are acquired through frequent repetition.

Evidence

Information or facts that are used to support the validity of an argument or hypothesis.