If You Transfer All of Your Currency to Your Checking

question 161

Multiple Choice

If you transfer all of your currency to your checking account,then initially,M1 will ________ and M2 will ________.

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

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Definitions:

Beneficiary

An individual or entity that receives benefits or is designated to receive benefits, such as from a will, trust, insurance policy, or other contract.

Estate Planning

The process of making advance arrangements for the disposal of an individual's estate, often to minimize taxes and legal complications.

Intestate

The condition of having died without a valid will, leading to the distribution of the deceased's estate according to state laws.

Probate

A rephrased definition: The court-supervised process of authenticating a deceased person’s will, settling their debts, and distributing their estate to the rightful heirs.