If the Public Switches from Doing Most of Its Shopping

question 18

Multiple Choice

If the public switches from doing most of its shopping with currency to using cheques instead, and the Reserve Bank takes no action, the money supply will:

• A)increase
• B)decrease
• C)not change
• D)either increase or decrease

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Definitions:

Conservative Realism

An approach or mindset that emphasizes pragmatism and practicality, often prioritizing traditional methods and realism over radical changes or idealism.

Creative Idealism

The belief in pursuing innovative and idealistic solutions that go beyond conventional thinking, driven by creativity and optimism.

Traditional

Pertaining to long-established customs, beliefs, or methods that are passed down from generation to generation.

Exploitation

The act of unfairly using someone or something for one's own advantage, often economically or socially.