Yolanda Took $5,000 from Her Checking Account and Put the Money

question 59

Multiple Choice

Yolanda took $5,000 from her checking account and put the money in her savings account at the same bank.

• A) Both M1 and M2 were reduced by $5,000.
• B) M1 went down by $5,000,but M2 was unchanged.
• C) Neither M1 nor M2 changed because the transfer was done at the same bank.
• D) M1 and M2 both rose by $5,000.

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Definitions:

Health Care

A broad term that refers to the maintenance or improvement of health via the diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in people.

Fair Equality

A concept in ethics and political philosophy where individuals are given the same opportunities and conditions for success.

Difference Principle

A social and economic principle that inequalities are only justified if they benefit the most disadvantaged members of society.

Egalitarian Principle

A philosophical doctrine emphasizing equality in rights and opportunities among people.