The fall in the money multiplier and money supply during the Great Dep

The fall in the money multiplier and money supply during the Great Depression

a. suggests that the public but not banks can be a major participant in the money supply process.
b. implies that banks but not the public can be a major participant in the money supply process.
c. means that neither the banks nor the public were involved in the money supply process.
d. illustrates that both the public and banks can be major players in the money supply process.

ANSWER

D