If the Public Switches from Using Cash for Most Transactions

question 43

Multiple Choice

If the public switches from using cash for most transactions to using checks instead, then all else equal, the money supply will:

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

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Definitions:

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, encouraging the subject to associate certain behaviors with certain consequences.

Repertoires

The range or collection of skills, abilities, or behaviors that an individual possesses or can perform.

Operant Conditioning

A method of learning that employs rewards and punishments to influence behavior.