All of the following are examples of financial innovations that have decreased the demand for money EXCEPT
A) automatic transfers between deposits.
B) credit cards.
C) inflation.
D) ATM machines.

Question

Quizplus · Accepted Answer

Inflation does not decrease the demand for money, it actually increases it as people need more money to purchase goods and services at higher prices. The other options, automatic transfers between deposits, credit cards, and ATM machines, are all examples of financial innovations that have made it easier to access and use money without physically having it on hand, thus decreasing the demand for cash.

All of the Following Are Examples of Financial Innovations That