Mr Chan withdraws HK$20 000 from his deposit in a restricted licence bank in Hong Kong. He later puts HK$15 000 as time deposit in a licensed bank in Hong Kong and holds the remaining HK$5 000 as cash.
The immediate effect of the above actions on the Hong Kong dollar money supply would be:
A. Both M2 and M3 decrease.
B. Both M1 and M2 remain unchanged.
C. M1 increases while M2 remains unchanged.
D. M1 increases while M3 remains unchanged.