When a Hong Kong citizen transfers $500 000 from her time deposit account with a restricted licence bank to her savings account with a licensed bank,
(1) Money supply (M1) will increase.
(2) Money supply (M2) will increase.
(3) Money supply (M3) will increase.
A. (1) only
B. (2) only
C. (3) only
D. (2) and (3) only