Smart Cards Will Not Much Affect the Demand for Money

question 90

Multiple Choice

Smart cards will not much affect the demand for money if

• A)the money supply is defined to include smart card balances.
• B)the money supply is defined to exclude smart card balances.
• C)the balance of the smart card is not considered to be electronic money.
• D)the reserves of the card issuing institution fall when the smart card is "loaded" with funds from an account the customer already has at that institution.

---

Definitions:

High Pitched

Refers to sounds that have a high frequency, resulting in a shrill or sharp tone.

Nervous Laughter

A physiological response where an individual laughs in reaction to stress, nervousness, or discomfort.

Stress

A state of strain and pressure that can be caused by various external and internal factors, leading to emotional and physical health issues.

Law Of Attraction

The belief that positive or negative thoughts bring positive or negative experiences into a person's life.