During the Early 1980s as Interest-Bearing Checkable Deposits Were Incorporated

Multiple Choice

During the early 1980s as interest-bearing checkable deposits were incorporated into the definition of M1,

A) the demand for M1 balances increased substantially.
B) the demand for M1 balances decreased substantially.
C) the dollar value of M1 became greater than the dollar value of M2.
D) the nominal return on M1 balances declined.