The Introduction of ATMs

question 275

Multiple Choice

The introduction of ATMs:

• A) increased the demand for cash because it made cash easier to get.
• B) decreased the demand for cash because it reduced the cost of moving from other assets into cash.
• C) did not change the demand for cash because it is proportional to the price level.
• D) did not change the demand for cash, as ATMs do not affect public spending habits.

---

Definitions:

Pizzas

A popular dish made from dough covered with tomato sauce, cheese, and various toppings, often baked in an oven.

Budget Constraint

The limit on the consumption bundles that a consumer can afford to purchase with a limited amount of income.

Submarine Sandwiches

A type of sandwich consisting of a long roll of bread filled with meats, cheese, vegetables, and condiments, also known as a sub, hoagie, hero, or grinder.

Pizzas

A popular dish of Italian origin consisting of a flat round base of dough baked with a topping of tomato sauce and cheese, typically with added meat, fish, or vegetables.