What two actions by households and firms, banks, or the central bank will cause the value of the money multiplier to increase?
a. A decrease by households and firms in their holdings of currency relative to their holdings of chequing account deposits; a decrease in banks' ratio of reserves-to-deposits.
b. An increase by households and firms in their holdings of currency; a decrease in banks' holding of deposits.
c. A decrease by households and firms in their holdings of chequing account deposits relative to their holdings of currency; an increase in banks' ratio of deposits-to-reserves.
d. An increase by households and firms in their holdings of currency relative to their holdings of chequing account deposits; an increase in banks' ratio of reserves-to-deposits.