Determine if the following actions affect the size of M1 and/or M2.
Items (6 items) (Drag and drop into the appropriate area below)

- Hillary writes a $25,000 check to buy shares of stock in GE
- Melania uses some cash to buy traveler's checks
- Nancy transfers $10,000 from her checking account to her savings account
- Michelle sells some Exxon stock to buy U.S. bonds
- Barbara closes out her $5,000 time deposit and gets cash
- Laura writes a check to pay off her credit cards

Categories
Change MI
Change M2
Change both
Change neither