The changes in bank regulations expand the availability of credit cards so people need to hold less cash. Select one: a. money supply increase, money demand unchanged, interest rate decrease b. money supply decrease, money demand decrease, interest rate increase c. money supply decrease, money demand unchanged, interest rate increase d. money supply increase, money demand increase, interest rate decrease e. money supply unchanged, money demand decrease and interest rate decrease
The changes in bank regulations expand the availability of credit cards so people need to hold less cash. Select one: a. money supply increase, money demand unchanged, interest rate decrease b. money supply decrease, money demand decrease, interest rate increase c. money supply decrease, money demand unchanged, interest rate increase d. money supply increase, money demand increase, interest rate decrease e. money supply unchanged, money demand decrease and interest rate decrease
Chapter13: Money And The Financial System
Section: Chapter Questions
Problem 1.4P
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