The Bank of Canada uses six definitions of the money supply, M1+, M1++, M2, M2+, M2++, and M3, because Part 3 A. M2 satisfies the medium of exchange function of money, whereas M1 satisfies the store of value function. B. M1 is a narrow definition focusing more on liquidity, whereas M3 is a broader definition of the money supply. C. M2 is also known as cash and cash equivalent, whereas M1 represents the standard of deferred payment function. D. M3 is a narrow definition focusing more on liquidity, whereas M1 is a broader definition of the money supply.Suppose you decide to withdraw $100 in cash from your checking account. Which one of the following choices accurately shows the effect of this transaction on your bank's balance sheet. Part 2 A. Your bank's balance sheet shows a decrease in reserves by $100 and a decrease in deposits by $100. B. Your bank's balance sheet shows an increase in reserves by $100 and a decrease in deposits by $100. C. Your bank's balance sheet shows an increase in reserves by $100 and an increase in deposits by $100. D. Your bank's balance sheet shows a decrease in reserves by $100 and an