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question 233

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Use the following to answer questions:
Banks decide to do away with fees charged when other banks' customers use the bank's own ATM.
-(Scenario: Money and Interest Rates) Refer to Scenario: Money and Interest Rates.The demand for money will _____,and the supply of money will _____.


Definitions:

Price

The amount of money required to purchase a good, service, or asset, often determined by supply and demand.

Cross-Price Elasticity

Cross-Price Elasticity measures how the demand for one good responds to changes in the price of another good, indicating substitute or complementary relationships.

Tea

A beverage made by steeping processed leaves, buds, or twigs of the tea plant in hot water.

Coffee

A beverage made from roasted and ground coffee beans, which are the seeds of berries from certain Coffea species, known for its stimulating effect due to caffeine content.

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