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:

Mock Accident

A simulated event or situation created to study responses, behaviors, or the effectiveness of safety measures.

Gory Images

are graphic visuals depicting blood, violence, or gruesome scenes, often evoking strong emotional reactions of shock, disgust, or horror.

Source Credibility

The degree to which a recipient perceives the communicator of a message as trustworthy and knowledgeable.

Sleeper Effect

The impact of a persuasive message can increase over time when a discounting cue, such as an invalid source, can no longer be recalled.