Derek Decides to Forego a Major Appliance Purchase and Save

question 39

Multiple Choice

Derek decides to forego a major appliance purchase and save the money.He transfers $2,100 from his checking account to his money market mutual fund.As a result of this transfer,

• A)both M1 and M2 decrease by $2,100.
• B)M1 increases by $2,100 and M2 increases by $2,100.
• C)M1 decreases by $2,100 and M2 increases by $2,100.
• D)M1 decreases by $2,100 and M2 stays the same.

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