Financial Innovations Can Have the Effect of

question 17

Multiple Choice

Financial innovations can have the effect of

• A) only increasing the demand for money.
• B) only decreasing the demand for money.
• C) increasing the Fedʹs monetary policy.
• D) either increasing or decreasing the demand for money depending on what the innovation is.

---

Definitions:

Alcoholics

are individuals who suffer from alcoholism, a chronic disease characterized by uncontrolled drinking and a preoccupation with alcohol.

Depression

A mental health disorder characterized by persistently depressed mood or loss of interest in activities, causing significant impairment in daily life.

Anxiety

A mental health disorder characterized by feelings of worry, anxiety, or fear that are strong enough to interfere with one's daily activities.

Twelve Step Model

A structured program designed to help individuals overcome addiction, based on the principles of admitting inability to control the addiction, recognizing a higher power, and making amends.