$4 price fixed for 300words 7 hours from now

Suppose you take cash from your piggy-bank (or sofa cushions) and deposit it into your checking account in the Singleton Bank thereby removing this currency from circulation. Does this have the effect of reducing the money supply? Explain your reasoning.

no plagiarism or work done before for other students

300words only...7  hours from now. or less.

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Macroeconomics