Speaking of the Demand for Money

question 57

Multiple Choice

Speaking of the demand for money

• A)makes no sense in a modern society in which most people use credit cards
• B)makes no sense in a modern society in which most people use checks
• C)makes sense in a modern society in which most people use checks,since demand deposits are included in M1,but it does not make sense in a society in which the primary payment is by credit card
• D)makes sense in a modern society in which most people use credit cards,since credit cards are included in M1,but it does not make sense in a society in which the primary payment is by check
• E)is relevant even in a society in which primary payment is by credit card,since eventually all accounts must be settled with money

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Definitions:

Dissociative Amnesia

A disorder characterized by memory loss that is too extensive to be explained by ordinary forgetfulness, often related to traumatic events or stress.

Stressful Experience

An event or situation that causes significant strain or pressure, triggering the body's stress response.

Memory Loss

The inability to remember information and experiences that would normally be able to be recalled, which can be temporary or permanent and due to various reasons including diseases, brain injury, or psychological trauma.

La Belle Indifference

An apparent lack of concern or distress about one’s significant physical or psychological problems, often seen in conversion disorder.