An Increase in Income Will Cause

question 71

Multiple Choice

An increase in income will cause

• A)a reduction in the supply of central bank money.
• B)a reduction in the demand for currency.
• C)an increase in the demand for reserves.
• D)none of the above

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Definitions:

Seller's Warranties

Guarantees made by a seller regarding the condition, quality, or performance of a product.

Implied Warranty of Merchantability

A legal assurance that goods sold meet minimum quality standards and are fit for the purpose sold.

Trade Usage

Established practices or patterns of behavior regularly observed and accepted in a particular industry.

Particular Purpose

A specific reason or function for which something is intended or used.