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A Change in Financial Technology That Reduces the Need to Hold

question 85

Multiple Choice

A change in financial technology that reduces the need to hold cash balances ________ the demand for money and ________ the equilibrium nominal interest rate.


Definitions:

Idiographic

Pertaining to the study or approach focusing on the individual, often used in contrast to nomothetic approaches that focus on generalizations.

Self-actualized Personality

A psychological condition or achievement where an individual realizes their full potential, often associated with peak experiences and true personal fulfillment.

Self-actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Psychosexual Development

Psychosexual Development is a Freudian concept, suggesting that children pass through a series of stages centered on erogenous zones, and successful completion of these stages results in a healthy personality.

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