If You Wrote a Check for $37

Multiple Choice

If you wrote a check for $37.55 to pay your phone bill and sent it to Verizon,

A) your bank's deposits will go down by $37.55 and its reserves would go up by $37.55.
B) your bank's deposits would go up by $37.55 and its reserves would go down by $37.55.
C) your bank's deposits would go down by $37.55 and its reserves would go down by $37.55.
D) your bank's deposits would go up by $37.55 and its reserves would go up by $37.55.