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Business, 26.09.2019 23:00 tra10money

If joe transfers $1,000 from his savings account to his checking account and assuming that banks cannot lend this money, then: choose the correct answer from the following choices, and then select the submit answer button. answer choices
a. m1 will increase by $1,000.
b. m1 will remain the same.
c. m1 will increase by $1,000, and m2 will decrease by $1,000.
d. m2 will increase by $1,000.

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