Decisions by ________ about their holdings of currency and by ________ about their holdings of excess reserves affect the money supply.

Decisions by ________ about their holdings of currency and by ________ about their holdings of excess reserves affect the money supply.

Decisions by ________ about their holdings of currency and by ________ about their holdings of excess reserves affect the money supply.




A) borrowers; depositors
B) banks; depositors
C) depositors; borrowers
D) depositors; banks



Answer: D