Assuming Initially That the Required Reserve Ratio = 15%,the Currency-Deposit

Assuming initially that the required reserve ratio = 15%,the currency-deposit ratio = 40%,and the excess reserve ratio = 5%,an increase in the excess reserve ratio to 10% causes the M1 money multiplier to ________,everything else held constant.

A) increase from 2.15 to 2.33
B) decrease from 2.33 to 2.15
C) increase from 1.54 to 1.67
D) decrease from 1.67 to 1.54