Question: 3) For each statement, state whether you believe the statement is true or false. Provide a brief explanation of your reasoning. a) If someone sells

 3) For each statement, state whether you believe the statement is

3) For each statement, state whether you believe the statement is true or false. Provide a brief explanation of your reasoning. a) If someone sells their stock market mutual fund and deposits it into a money market mutual fund their portion of assets in M1 and M2 does not change. b) If someone deposits cash into their checking account their portion of assets in M1 and M2 does not change. c) If someone deposits cash into their checking account and the bank lends it out for a 5year car loan that is an example of asset transformation

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