Joan has the following assets and liabilities:Credit Card balance$1000Cash$200Government bonds$3,000Stock$4,000Checking$1,500Car loan balance$10,000Car$15,000Which of the following actions would decrease Joan's money demand by $200?
A. Joan writes a $200 check for cash and holds the cash.
B. Joan writes a check for $200 to purchase additional shares of stock.
C. Joan sells $200 worth of stocks and puts the proceeds in her checking account.
D. Joan gets a $200 cash advance on his credit card and puts the proceeds in her checking account.
Answer: B
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