The increase in tax on state bank notes from 2 to 10 percent provided state banks incentive to
(a) attract more demand deposits and increase the use of checks.
(b) increase the amount of state notes and use them to extend bank credit.
(c) increase the minting of coins and use them for exchange and lending purposes.
(d) all of the above.
(a)
You might also like to view...
According to this Application, after the government deceased cigarette taxes in several Canadian provinces, demand for cigarettes ________ in these provinces, shifting the demand curve to the ________
A) increased; right B) increased; left C) decreased; left D) decreased; right
If Fred's marginal rate of substitution of salad for pizza equals 5, then
A) he would give up 5 pizzas to get the next salad. B) he would give up 5 salads to get the next pizza. C) he will eat five times as much pizza as salad. D) he will eat five times as much salad as pizza.