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If Amber transfers $1,500 out of her chequable deposit account and places it in her non-chequable deposit account, M1 falls and M2 rises. M1 rises
If Amber transfers $1,500 out of her chequable deposit account and places it in her non-chequable deposit account, M1 falls and M2 rises. M1 rises and M2 remains the same. OM1 falls and M2 remains the same. M1 falls and M3 rises. O M1 and M2 fall
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