Carter's $150,000 CD matures and he deposits the funds into his checking account so he can buy a house. The total effect is that M1 ____ and M2 ____.
A. is unchanged; falls by $150,000
B. rises by $150,000; is unchanged
C. rises by $150,000; falls by $150,000
D. rises by $150,000; rises by $150,000
Answer: D
Business
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