You received $100 in cash as a birthday gift.You deposit this money into your checking account.This deposit
A) increased the M1 money supply because of the increase of demand deposits.
B) decreased the M1 money supply because cash was taken out of circulation.
C) increased the M1 money supply because the cash is now in the bank vault and in your checking account.
D) did not change the M1 money supply.
Correct Answer:
Verified
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