If Banks Closed and ATMs Limited Withdrawals to 3 a Week

question 283

Multiple Choice

If banks closed and ATMs limited withdrawals to 3 a week and no more than $100 per withdrawal, what would be the most likely result?

• A)A rapid growth in the economy as people began to trade more directly with each other.
• B)Governments would start to refuse payment of taxes in cash.
• C)Consumers would lose all incentive to hold cash.
• D)Businesses would start to demand payment in cash.
• E)Importers would make expanded use of credit.

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Definitions:

Pre-literacy

The skills and knowledge, such as understanding of alphabets and sounds, that precede and lead up to the development of full literacy.

Pseudo Literacy

The state of having basic reading and writing skills but lacking critical comprehension and analytical ability.

Emergent Literacy

The skills, knowledge, and attitudes that are developmental precursors to conventional forms of reading and writing, often developed in early childhood through exposure to books and writing activities.

Phonemic Awareness

The understanding and ability to hear, identify, and manipulate individual sounds—phonemes—in spoken words.