If a Person Takes $100 from His/her Piggy Bank at Home

question 270

Multiple Choice

If a person takes $100 from his/her piggy bank at home and puts it in his/her savings account,then M1 will ________ and M2 will ________.

• A)increase; increase
• B)not change; increase
• C)decrease; increase
• D)decrease; not change
• E)increase; decrease

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Definitions:

Class Structure

The organization of society into hierarchical categories based on socioeconomic status, often influencing individuals' opportunities and life outcomes.

Americans

People from or living in the United States, characterized by diverse origins, cultures, and languages.

Motivate

To provide reasons or incentives for someone to act or behave in a particular way.

Means Of Production

Refers to the physical, non-human inputs used for the production of economic value, such as factories, machines, and tools.