The largest component of M1 is O A. fixed term deposits OB. non-personal chequable deposits personal chequable deposits. OD. currency outside banks. O E. non-personal non-chequable deposits An increase in the quantity of money leads to O A. an increase in aggregate demand OB. a decrease in real GDP O c. an increase in short-run aggregate supply D. a decrease in net exports. O E a decrease in the price level