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.

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Definitions:

Character Displacement

As a result of competition, two species become less similar in their resource requirements.

Mutualism

Species interaction that benefits both species.

Colonists

Individuals or groups who settle in a new area or country, often establishing control or cultivating it for the first time.

Extinct

Refers to a species that no longer has living members.