During the Great Depression ________

During the Great Depression ________.

A) the currency-chequable deposits ratio increased sharply
B) the currency-chequable deposits ratio decreased sharply
C) the currency-chequable deposits ratio did not change, confirming that the theory of asset demand provides the correct framework for understanding fluctuations in the currency-chequable deposits ratio
D) the currency-chequable deposits ratio declined modestly, confirming that the theory of asset demand provides the correct framework for understanding fluctuations in the currency-chequable deposits ratio

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