Advanced Placement (AP), 23.04.2020 06:38 glogaming16

If Joey deposits $500 in his checking account, and Betheny pays back a loan for $4,000 to the bank, how will these transactions affect the money supply?

Question options:

A. decrease by $3,500

B. decrease by $4,000

C. decrease by $4,500

D. increase by $4,500

E. increase by $4,000

Answers: 3

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More questions: Advanced Placement (AP) Another questions

If Joey deposits $500 in his checking account, and Betheny pays back a loan for $4,000 to the bank, how will these transactions affect the money supply? Question options: A. decrease by $3,500 B. decrease by $4,000 C. decrease by $4,500 D. increase by $4,500 E. increase by $4,000

Answers

Another question on Advanced Placement (AP)

If Joey deposits $500 in his checking account, and Betheny pays back a loan for $4,000 to the bank, how will these transactions affect the money supply?

Question options:

A. decrease by $3,500

B. decrease by $4,000

C. decrease by $4,500

D. increase by $4,500

E. increase by $4,000