Jim has the following assets and liabilities:Credit Card balance$2,000Cash$500Government bonds$2,000Checking$750Car loan balance$5,000Car$15,000Which of the following actions would increase Jim's money demand by $200?
A. Jim pays $200 cash for a new lamp.
B. Jim gets a $200 cash advance on his credit card and puts the proceeds in his checking account.
C. Jim writes a check for $200 to pay down his credit card balance.
D. Jim writes a check for $200 to pay down her car loan balance.
Answer: B
Economics
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