Which of the following statements is true?

Select one:

A. If commercial banks hold more total reserve than their checkable deposits, the value of money supply will be lower than the monetary base of the economy.

B. If commercial banks do not make loans in an economy, an open market sale would have not change the money supply.

C. A reduction in the tendency of nonbank public to hold cash relatice to their deposits would reduce the money supply in the economy.

D. Federal reserve has no control over the realistic money multiplier.