Question 13 pts

Which of the following would be the most liquid?

A $100 Sears gift card

A total of $1000 in checkable deposits

One hundred shares of Exxon-Mobil stock

A new ten dollar bill

A total of $5000 in your savings account

2. What is the effect on the money supply when you transfer $15,000 from your checking account to your savings account?

Group of answer choices

Decrease M1; increase M2

Decrease M1; decrease M2

No effect on M1; increase M2

No effect on M1; no effect on M2

Decrease M1; no effect on M2

3. Which of the following are considered characteristics of money?

1. Portable
2. Uniform
3. Divisible
4. Acceptable

Group of answer choices

I and III

I, II, and III

I, II, and IV

II, III, and IV

I, II, III, and IV

4. If you withdraw $100 from your checking account and put it in your wallet,

Group of answer choices

M1 decreases by $100.

M2 increases by $100.

M1 decreases by $100 and M2 increases by $100.

M2 decreases by $100 and M1 increases by $100.

there is no immediate change in the money supply.

5. What is the effect on the money supply when you sell your shares of Microsoft stock?

Group of answer choices

Increase M1

Decrease M1

No effect on M1

Increase M2

Decrease M2