If Money Is Moved from a Consumer Checking Account into a Consumer

question 40

Multiple Choice

If money is moved from a consumer checking account into a consumer savings account,

• A)M1 and M2 both increase.
• B)M1 increases and M2 decreases.
• C)M1 decreases and M2 remains unchanged.
• D)M1 and M2 both remain unchanged.

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Definitions:

Knowledge Workers

Individuals whose main capital is knowledge, typically referring to workers whose job involves handling or using information, such as programmers, physicians, and academics.

Autonomy

Autonomy is the capacity to make an informed, uncoerced decision independently, often related to personal freedom and self-governance.

Google

An American multinational technology company that specializes in Internet-related services and products, including online advertising technologies, search engine, cloud computing, software, and hardware.

Union

An association of workers who bargain collectively for wages and benefits and better working conditions.