Multiple Choice
The introduction of ATMs:
A) increased the demand for cash because it made cash easier to get.
B) decreased the demand for cash because it reduced the cost of moving from other assets into cash.
C) did not change the demand for cash because it is proportional to the price level.
D) did not change the demand for cash, as ATMs do not affect public spending habits.
Correct Answer:
Verified
Correct Answer:
Verified
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