When Cash Is Withdrawn from a Checkable-Deposit Account at a Bank

question 241

Multiple Choice

When cash is withdrawn from a checkable-deposit account at a bank,

• A) the money supply M1 increases.
• B) the money supply M1 decreases.
• C) the money supply M1 does not change, but its composition changes.
• D) the composition of money supply M1 does not change.

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