If Congress Imposes a $5 Tax on Each ATM Transaction

question 194

Multiple Choice

If Congress imposes a $5 tax on each ATM transaction, the demand for money will likely:

• A) increase.
• B) decrease.
• C) fluctuate randomly.
• D) be unaffected.

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Definitions:

Economies of Scale

Cost advantages that a business can achieve due to expansion, leading to a reduction in the per unit cost as production scales up.

Compensation Policies

Guidelines and strategies a company uses to determine how employees are paid, including salaries, bonuses, and benefits, ensuring fair and competitive remuneration.

Stakeholders

Individuals or groups that have an interest or concern in an organization and can affect or be affected by the organization's actions, objectives, and policies.

Computers

Electronic devices designed to process data according to a set of instructions, known as programs.