Which Statement Most Accurately Describes the Effect Financial Technology Has

question 9

Multiple Choice

Which statement most accurately describes the effect financial technology has had on the demand for money in Australia?

• A) It is not possible to tell what the effect would be because financial technology has not changed over the past three decades.
• B) All advances in financial technology have decreased the demand for money.
• C) Advances in financial technology have had no effect on the demand for money.
• D) All advances in financial technology have increased the demand for money.
• E) Some advances in financial technology have increased the demand for money while others have decreased it.