If credit card companies imposed a per purchase charge for using their cards,

Question

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If credit card companies imposed a per purchase charge, people would likely use their credit cards less frequently, opting instead to make fewer, larger purchases or use alternative payment methods. This behavior would lead to an increase in money balances (as people hold onto their money longer) and a decrease in the velocity of money (the rate at which money changes hands would slow down).

If Credit Card Companies Imposed a Per Purchase Charge for Using