Every Year More and More Purchases Are Made with Credit

question 137

Multiple Choice

Every year more and more purchases are made with credit cards on the Internet. Given this trend, all else equal, we would expect:

• A) the money demand curve to shift outward.
• B) the money demand curve to shift inward.
• C) a downward movement along a fixed money demand curve.
• D) an upward movement along a fixed money demand curve.

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Definitions:

Ledger

A comprehensive collection of a company's accounts, where all transactions are recorded.