Money Demand Behavior May

question 38

Multiple Choice

Money demand behavior may

• A) change as a result of demographic trends or financial innovations such as electronic cash-transfer facilities.
• B) change only as a result of demographic trends.
• C) change only as a result of financial innovations such as electronic cash-transfer facilities.
• D) not change as a result of demographic trends or financial innovations such as electronic cash-transfer facilities.
• E) change as a result of demographic trends but not as a result of financial innovations such as electronic cash-transfer facilities.

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Definitions:

Cultural Norms

Shared expectations and rules that guide behavior of people within social groups, including traditions, customs, and values.

Cultural Awareness

The understanding and sensitivity towards the cultural differences and similarities within and between societies.

Mexican Descent

Refers to individuals and communities that trace their lineage, culture, or ancestry back to Mexico.

Socially Constructed Categories

Groups or classifications created by cultural and societal norms rather than by biological or natural distinctions.