Typically,when Someone Borrows Money from a Bank,M2 ________,Because ________

question 88

Multiple Choice

Typically,when someone borrows money from a bank,M2 ________,because ________.

• A)increases;the money is held for a while in a liquid form
• B)decreases;the money is held for a while in a liquid form
• C)does not change;the loan affects only the subcategories within M2
• D)decreases;of the decline in the bank's vault cash
• E)none of the above

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Definitions:

General Journal

A ledger in accounting that records all day-to-day financial transactions of a company.

Accounts Receivable

Funds due to a company from its clients for products or services provided on credit.

Customer Payments

The amounts of money received from customers in exchange for goods or services provided by a company.

Services Provided

Tasks or activities done for others, typically in exchange for payment.