What happens to the quantity of money when you take cash from an ATM? The quantity of money ______. A. doesn't change because the quantity of currency doesn't change B. decreases because both vault cash and your bank deposit decrease C. increases because currency increases D. doesn't change because your bank deposit decreases and currency increases by the same amount
What happens to the quantity of money when you take cash from an ATM? The quantity of money ______. A. doesn't change because the quantity of currency doesn't change B. decreases because both vault cash and your bank deposit decrease C. increases because currency increases D. doesn't change because your bank deposit decreases and currency increases by the same amount
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter14: Money And Banking
Section: Chapter Questions
Problem 2AA
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What happens to the quantity of money when you take cash from an ATM? The quantity of money ______.
A. doesn't change because the quantity of currency doesn't change
B. decreases because both vault cash and your bank deposit decrease
C. increases because currency increases
D. doesn't change because your bank deposit decreases and currency increases by the same amount
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