An Introduction of ATM (Automatic Teller Machines), Other Things Being

question 3

Multiple Choice

An introduction of ATM (automatic teller machines) , other things being constant,

• A) reduces interest rates since it shifts money demand leftward.
• B) reduces interest rates since it shifts money demand rightward.
• C) increases interest rates since it shifts money demand leftward.
• D) increases interest rates since it shifts money demand rightward.

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Definitions:

Inelastic Nature

A characteristic of a good or service whose demand does not significantly change with the price.

Agricultural Demand

The total demand for agricultural products, influenced by factors such as population growth, income levels, and dietary preferences.

Farm Employment

Jobs and labor related to agriculture, including positions in farming, crop cultivation, and animal husbandry.

Total Employment

The total number of people currently employed in the economy, including both full-time and part-time workers.