Which statement most accurately describes the effect financial technology has had on the demand for money in the United States?
A) Advances in financial technology have all increased the demand for money.
B) Some advances in financial technology have increased the demand for money while others have decreased it.
C) It is not possible to tell what would be the effect because financial technology has not changed over the past three decades.
D) Advances in financial technology have all decreased the demand for money.
E) Advances in financial technology have had no effect on the demand for money.
B
You might also like to view...
Given that Mattie could convincingly threatens to always fight, what would be Irene's best response
a. Enter b. Not Enter c. Run d. Hide
One way of expressing the concept of the short-run Phillips curve is to say that: a. the cost of reducing unemployment is higher inflation
b. nothing but good comes from reducing unemployment. c. the cost of reducing inflation is lower unemployment. d. aggregate supply and aggregate demand will always be equal at the potential output level. e. the best economic policy is one that attempts to make the rate of inflation equal to the rate of unemployment.