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For each of the following transactions, what is the initial effect (increase, decrease or unchanged) on Mi? On M2? a. An investor sells a few
For each of the following transactions, what is the initial effect (increase, decrease or unchanged) on Mi? On M2? a. An investor sells a few shares of stock and put the proceeds into his/her checking account at CIBC. b. A business deposits $100 from its cash registration into its checking account. c. You sell a few shares of stock and put the proceeds into your saving account at TD. d. A business transfers money from its checking account to its saving account in a chartered bank
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