You Withdraw $100 from Your Checking Account

Multiple Choice

You withdraw $100 from your checking account. How does this affect the money supply and the reserves of your bank?

A) The money supply increases, and the reserves of your bank decline.
B) Both money supply and the reserves of your bank increase.
C) There is no change in the money supply, and the reserves of your bank decline.
D) The money supply decreases, and the reserves of your bank increase.