If a Person Withdraws $500 from His/her Savings Account and Puts

question 216

Multiple Choice

If a person withdraws $500 from his/her savings account and puts it in his/her checking account,then M1 will ________ and M2 will ________.

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

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Definitions:

Merit Pay Plans

Compensation strategies that base employee pay on performance, offering financial rewards for meeting or exceeding predetermined criteria.

Human Resources

The department of a business or organization that deals with hiring, administration, and training of personnel.

Implementation

The process of putting a decision or plan into effect; executing or carrying out a plan, idea, or policy.

Stock Prices

represent the value of a company's shares as quoted on a stock exchange, reflecting investor perceptions of the company's future financial performance.